One of the problems facing the Apple watch is its ______.
a. large number of functions
b. large face
c. difficult-to-use display
d. clear understanding by customers of the purpose of the product
c. difficult-to-use display
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Financial statements for Maraby Corporation appear below:Maraby CorporationBalance SheetDecember 31, Year 2 and Year 1(dollars in thousands) Year 2Year 1Current assets: Cash and marketable securities$220 $190 Accounts receivable, net 190 160 Inventory 140 150 Prepaid expenses 70 80 Total current assets 620 580 Noncurrent assets: Plant & equipment, net 1,180 1,150 Total assets$ 1,800 $ 1,730 Current liabilities: Accounts payable$100 $120 Accrued liabilities 100 70 Notes payable, short term 160 160 Total current liabilities 360 350 Noncurrent liabilities: Bonds payable 450 500 Total liabilities 810 850 Stockholders' equity:
Common stock, $5 par 160 160 Additional paid-in capital 200 200 Retained earnings 630 520 Total stockholders' equity 990 880 Total liabilities & stockholders' equity$ 1,800 $ 1,730 Maraby CorporationIncome StatementFor the Year Ended December 31, Year 2(dollars in thousands)Sales (all on account)$1,960 Cost of goods sold 1,370 Gross margin 590 Selling and administrative expense 230 Net operating income 360 Interest expense 50 Net income before taxes 310 Income taxes (30%) 93 Net income$ 217 Maraby Corporation's average collection period for Year 2 was closest to: (Round your intermediate calculations to 1 decimal place.) A. 27.0 days B. 38.6 days C. 46.6 days D. 32.6 days
Typically, debt financing requires:
A. a degree of ownership in the firm. B. an asset as collateral. C. reduction of short-term assets. D. reduction of working capital.
Although Mackenzie has paid her annual insurance premium, her insurance company sends her a written notification that it is cancelling her policy, which should have had four more months of coverage. The insurer need do nothing more to effect the cancellation
Indicate whether the statement is true or false
Which of the following constitutes a weakness in the internal control of a computer system?
A. One generation of backup files is stored in an off-premises location. B. Operators are supervised by programmers. C. Operators distribute error messages to the control group. D. Operators do not have access to the complete systems manual.