Corporations can use a 52- to 53-week fiscal year end, but the year must end on a Saturday each year.
Answer the following statement true (T) or false (F)
False
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When focusing on recommendations in an analytical report, what should be done as soon as the need for action has been introduced by describing the problem or opportunity?
A) Summarize your recommendations. B) List the recommendations required to achieve the desired benefits. C) Explain each step fully. D) Introduce benefits that can be achieved if the recommendations are adopted. E) Introduce a cost analysis of the desired benefits.
Return on assets is a better measure of profitability than profit margin because it takes into account the assets invested in the business
Indicate whether the statement is true or false
A social business is not ______.
A. a charity B. cause-driven C. driven by poverty D. social enterprise
The normal balance of the Income Summary account is a credit balance
Indicate whether the statement is true or false