A recommended way of giving feedback in coaching is to deal in generalities rather than specifics
Indicate whether the statement is true or false.
Answer: FALSE
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A liability is incurred when income is earned because income tax expense is created by earning income.
Answer the following statement true (T) or false (F)
Ordinarily, if an agreement is completely executory, the minor's failure to act after reaching majority is considered an act of ____________________
Fill in the blank(s) with correct word
Jensen's Travel Agency has a 7 percent preferred stock outstanding that is currently selling for $48 a share. The preferred stock has a $100 par value. The market rate of return is 10 percent and the firm's tax rate is 34 percent
What is the Jensen's cost of preferred stock? A) 8.75 percent B) 9.62 percent C) 11.98 percent D) 13.25 percent E) 14.58 percent
Which of the following statements is CORRECT?
A. In managing a firm's accounts receivable, it is possible to increase credit sales per day yet still keep accounts receivable fairly steady, provided the firm can shorten the length of its collection period (its DSO) sufficiently. B. Because of the costs of granting credit, it is not possible for credit sales to be more profitable than cash sales. C. Since receivables and payables both result from sales transactions, a firm with a high receivables-to-sales ratio must also have a high payables-to-sales ratio. D. Other things held constant, if a firm can shorten its DSO, this will lead to a higher current ratio. E. A firm that makes 90% of its sales on credit and 10% for cash is growing at a constant rate of 10% annually. Such a firm will be able to keep its accounts receivable at the current level, since the 10% cash sales can be used to finance the 10% growth rate.