Money earns income over time, a fact called the time value of money
Indicate whether the statement is true or false
TRUE
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The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales$750,000Net operating income$45,000Average operating assets$250,000Stockholders' equity$75,000Residual income$15,000?For the past year, the margin used in ROI calculations was:
A. 8.67% B. 10.00% C. 6.00% D. 8.00%
Which of the following is not one of the steps in reading a business plan?
a. establishment of the unique feature in this venture b. reading of the latest balance sheet c. thorough reading of each section d. brief review of the history of the company
The aging method of determining bad debts expense is based on the knowledge that the longer a receivable is past due, the higher the likelihood of collection.
Answer the following statement true (T) or false (F)
What does an individual receive on purchasing a franchise?
What will be an ideal response?