Static websites let people retrieve information but also create strong relationships with customers

Indicate whether the statement is true or false


False

Business

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When the percentage-of-completion method of accounting for long-term construction projects is used, why is Construction in Progress increased by the annual recognized gross profit on long-term construction contracts?

a. The cost of the contract has increased. b. The project's value has increased above cost. c. The economy experiences inflation over the construction period. d. Construction in Progress is not increased by the annual recognized profit.

Business

Courts have the right to stay arbitration proceedings

a. True b. False

Business

Sheehan, Inc provides the following income statement for 2017

Net Sales $240,000 Cost of Goods Sold 110,000 Gross Profit $130,000 Operating Expenses: Selling Expenses 45,000 Administrative Expenses 12,000 Total Operating Expenses 57,000 Operating Income $73,000 Other Revenues and (Expenses): Loss on Sale of Capital Assets (27,000 ) Interest Expense (1,000 ) Total Other Revenues and (Expenses) (28,000 ) Income Before Income Taxes $45,000 Income Tax Expense 5,300 Net Income $39,700 Calculate the times-interest-earned ratio. (Round your answer to two decimal places.) A) 73.00 times B) 45.00 times C) 39.70 times D) 46.00 times

Business

Joint ventures are a more common FDI than wholly owned subsidiaries

Indicate whether the statement is true or false.

Business