The Revised Uniform Partnership Act is a federal statute that is recognized in all states.
Answer the following statement true (T) or false (F)
False
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______ is when heavy viewers have a common view of a social reality. TV shows attempt to exacerbate this by creating shows accessible to everyone.
A. Mainstreaming B. Mean world syndrome C. Resonance D. Symbolic double jeopardy
The payback period computation ignores which of the following:
a. the investment's life. b. the company's desired rate of return. c. the time value of money. d. it ignores all of the above.
M. K. Berry is the managing director of CE Ltd. a small, family-owned company which manufactures cutlery. His company belongs to a trade association which publishes a monthly magazine. The latest issue of the magazine contains a very brief article based on the analysis of the accounting statements published by the 40 companies which manufacture this type of product. The article contains the following table: Average for all companies in the industryReturn on equity 33%Return on total assets 29%Gross margin percentage 30%Current ratio 1.9:1 Average sale period 37daysAverage collection period 41days?CE Ltd's latest financial statements are as follows:CE Ltd.Income Statementfor the year ended 31 October(in thousands)Sales$900 Cost of goods sold 720 Gross margin 180 Selling and
administrative expenses 55 Interest 15 Net income$110 The country in which the company operates has no corporate income tax. No dividends were paid during the year. All sales are on account.CE Ltd.Balance Sheetsas of 31 October(in thousands) This YearLast YearCurrent assets: Cash$5 $20 Accounts receivable, net 120 110 Inventories 96 80 Noncurrent assets 500 460 Total assets$721 $670 Current liabilities: Accounts payable$147 $206 Noncurrent liabilities: Bonds payable 150 150 Common stock 100 100 Retained earnings 324 214 Total liabilities and stockholders' equity$721 $670 Required:a. Calculate each of the ratios listed in the magazine article for this year for CE, and comment briefly on CE Ltd's performance in comparison to the industrial averages.b. Explain why it could be misleading to compare CE Ltd's ratios with those taken from the article. What will be an ideal response?
To observe a seasonal component in a time series, data needs to be collected more frequently than on an annual basis
Indicate whether the statement is true or false