A contract that can, by its own terms, be performed within one year from the day after the contract is formed must be in writing to be enforceable under the Statute of Frauds
Indicate whether the statement is true or false
F
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The income statement describes revenues earned and expenses incurred along with the resulting net income or loss over a specified period of time.
Answer the following statement true (T) or false (F)
A collaborative team is needed to create a business plan
Indicate whether the statement is true or false
Which of the following is true with regard to fixed costs and variable costs?
a. Fixed costs are those costs that remain constant regardless of the volume produced. b. Variable costs are those costs that remain constant irrespective of the output level. c. Variable costs are those costs that remain constant regardless of the time of manufacture. d. Variable costs are those costs that remain constant regardless of the price of the product.
Fingertips, Inc. had the following financial data for the year ended December 31, 2017
Cash $44,000 Cash equivalents 77,000 Long term investments 58,000 Total current liabilities 149,000 What is the cash ratio as of December 31, 2017, for Fingertips, Inc.? (Round your answer to two decimals.) A) 0.30 B) 0.39 C) 0.48 D) 0.81