A relation is a named, ________-dimensional table of data. Each relation (or table) consists of a set of named columns and an arbitrary number of unnamed rows
A) Two
B) One
C) Three
D) Four
A
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An example of a quick asset is
a. prepaid rent; b. inventory; c. long-term investments; d. equipment; e. accounts receivable
Which of the following is both an estimated liability and a contingent liability?
A) Cosignature on $500 loan B) Current portion of long-term debt C) Warranty liability D) Liability for dividends
A void title may allow good title to pass in special circumstances
a. True b. False Indicate whether the statement is true or false
If a firm uses the residual dividend model to set dividend policy, then dividends are determined as a residual after providing for the equity required to fund the capital budget. Under this model, the better the firm's investment opportunities, the lower its payout ratio will be, other things held constant.
Answer the following statement true (T) or false (F)