On the work sheet, before net income or loss is calculated, the Debit column of the Income Statement section totals $4,500 and the Credit column totals $4,700 . The net income or loss of the business is:
a. $100 net income.
b. $200 net income.
c. $300 net loss.
d. $200 net loss.
e. $4,700 net income.
b
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Net present value analysis is based on a project's cash flows
Indicate whether the statement is true or false
A business with several employees on the payroll should maintain as a feature of good cash control a special:
a. payroll checking account. b. employee savings account. c. account for all special deposits. d. employee loan program. e. none of the above.
The transfer of rights under a nonnegotiable contract is known as a(n) ________
A) assignment B) negotiation C) indorsement D) dishonored instrument
Which of the following is an activity ratio?
a. the acid-test ratio b. the accounts-receivable-turnover ratio c. the current ratio d. the return-on-sales ratio e. the return-on-activity ratio