Which of the following statements is true regarding the current ratio?
a. FIFO inventory can cause major problems with the current ratio because of the understatement of inventory.
b. Since the mid-1960s, the typical firm has successfully maintained a current ratio of 2.00 or better.
c. Focus is on the relationship between current assets and current liabilities.
d. Focus is on the relationship between total assets and total liabilities.
c
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(Appendix) Payments to employees and to the government are examples of cash outflows resulting from operating activities
a. True b. False Indicate whether the statement is true or false
Stockton Co received advance payments from customers during 2017 of $6,000 . At December 31, 2016, $1,300 of the advance payments still had not been earned. After the adjustments are recorded and posted at December 31, 2016, what will the balances be in the Unearned Book Revenue and Book Revenue accounts? Unearned Book Revenue Book Revenue
a. $1,300 $6,000 b. $1,300 $4,700 c. $6,000 $1,300 d. None of these choices
In what marketing tasks does marketing public relations play a role? Illustrate with examples
What will be an ideal response?
Homogeneous societies have historically been resistant to migration, why now are many becoming more accepting?
a. In order to attract higher skilled labor b. Border protection has become too hard to police c. To maintain current working age population levels d. More job opportunities are available