The gross profit ratio is computed by dividing net sales by gross profit
a. True
b. False
Indicate whether the statement is true or false
False
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Message evaluations primarily deal with visible company actions, such as making store visits
Indicate whether the statement is true or false
Adam Inc uses a perpetual inventory system. Jan. 1 On hand, 10 units at $2 each $ 20 4 Sold 8 units for $10 each 80 22 Purchased 50 units at $4 each 200 26 Sold 48 units for $10 each 480 If Adam uses the FIFO method, how much is ending inventory on January 31?
a. $ 8 b. $ 12 c. $ 16 d. $ 40
When no-par common stock without a stated value is issued for cash, the Common Stock account is credited for an amount equal to the cash proceeds
Indicate whether the statement is true or false
One way that lower power parties can deal with the big players in business deals and partnerships is by limiting the ways you can do business or limiting whom you can do business with. This is an example of which piece of advice?
A. build momentum by doing deals in sequence B. never do an all-or-nothing deal C. constrain yourself D. make yourself bigger