Although e-mail is successful for both internal and external communication, you should still use letters when
A) you need immediate feedback
B) the message must reach your reader very quickly.
C) formality and sensitivity are essential.
D) you have too little time to proofread.
C
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Compare and contrast the two methods that may be used to present operating cash flows in the statement of cash flows. Which method is preferred by firms and by outsiders?
What will be an ideal response?
Investors want a return that satisfies the following expectation(s):
A) An additional return for taking on risk B) A return for delaying consumption C) An additional return for accepting dividends rather than capital gains D) Both A and B.
Ward Inc had a beginning inventory of $26,800 and an ending inventory of $52,650. If the cost of goods sold was $305,000, calculate the inventory turnover. (Round to the nearest tenth)
A) 7.4 times B) 8.7 times C) 6.8 times D) 7.7 times
U.S. television reports in the 1970s and 1980s showed citizens in the Soviet Union standing in long lines to buy bread and other necessities in stores with nearly bare shelves. What led to this situation?
A) the inability of government central planners to adequately anticipate consumer demands B) lack of resources to produce adequate supplies of needed goods C) high taxes forcing producers such as bakeries out of business D) a "brain drain" of businesspeople who could anticipate and meet consumer demand E) private business owners "creating" scarcity to force up prices