Changes in the BOP may predict the imposition or removal of foreign exchange controls
Indicate whether the statement is true or false.
Answer: TRUE
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In business markets with inelastic demand ________
A) the total demand for products is not much affected by short-term price changes B) buyers are highly sensitive to price changes C) derived demand is absent D) a business purchase usually involves less decision participants E) a business purchase usually does not involve a professional purchasing effort
In a draft transaction, the payee is called the acceptor of the draft
Indicate whether the statement is true or false
A corporation reports the following year-end balance sheet data. The company's debt ratio equals: Cash$40,000 Current liabilities$75,000 Accounts receivable 55,000 Long-term liabilities 35,000 Inventory 60,000 Common stock 100,000 Equipment 145,000 Retained earnings 90,000 Total assets$300,000 Total liabilities and equity$300,000
A. 0.58 B. 1.27 C. 0.63 D. 2.07 E. 0.37
Which of the following equations for the Book value Plus Adjustment method is correct?
A) Value of equity (VE) = market value of equity - adjustments B) Value of equity (VE) = book value of equity + adjustments C) Value of equity (VE) = book value of equity - adjustments D) Value of equity (VE) = market value of equity + adjustments