Rivalry is intense in nations with conditions of ________ consumer demand, ________ supplier bases, and ________ new entrant potential from related industries.
A. weak; weak; high
B. strong; strong; high
C. weak; weak; low
D. strong; strong; low
Answer: B
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All of the following statements regarding profit margin are true except:
A. Profit margin is calculated by dividing net income by net sales. B. Profit margin is also called return on sales. C. Profit margin is not a useful measure of a company's operating results. D. Profit margin can be used to compare a firm's performance to its competitors. E. Profit margin reflects the percent of profit in each dollar of revenue.
One of the prerequisites to paying a cash dividend is sufficient retained earnings
Indicate whether the statement is true or false
Zero coupon bonds are offered at substantial discounts below their par values.
Answer the following statement true (T) or false (F)
Following the February bank reconciliation, the accountant made the following entry in the journal of Kincaid Company:Accounts receivable150 Cash 150 Which of the following is a possible explanation for this journal entry?
A. The collection of an account receivable by the bank that has been deposited in Kincaid's account. B. The bank statement included a debit memo advising of a customer's NSF check that was returned C. The collection of an account receivable by Kincaid that is part of a deposit in transit D. Bank charges owed by Kincaid to the bank.