Which of the following is considered a measure of short-term liquidity?
A) Gross profit percentage
B) Quick ratio
C) Dividend yield ratio
D) Return on assets ratio
B
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Theoretically, the amount of estimated future returns and allowances on credit sales should be recorded during the period of the sale so as not to overstate sales and ending accounts receivable. In practice, these estimates are not recorded by most companies because
A. the amount of such returns and allowances tends to fluctuate too greatly from period to period. B. there is too much uncertainty surrounding such estimates. C. such estimates are not allowed according to generally accepted accounting principles. D. the amount of such returns and allowances is usually not material.
Which of the following is true of a branch office of a multinational corporation?
A) Branch offices cannot be setup in foreign countries. B) Branch offices are considered separate legal entities. C) There is no liability shield between the corporation and the branch office. D) The corporation is not liable for the torts committed by personnel of the branch office.
Why were the respective strategies of General Motors and Swissair not challenged more effectively well before they failed? (It may help here to consider the identity of their main stakeholders and their respective beliefs and interests).
What will be an ideal response?
Common stockholders' equity equals common stock issued minus treasury stock
Indicate whether the statement is true or false