Which of the following statements about "needs" is true?
A. A higher-level need may develop before lower-level needs are all satisfied.
B. A particular product may satisfy more than one need at the same time.
C. If lower-level needs are reasonably satisfied, those at higher levels become more dominant.
D. All these statements are true.
Answer: D
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Cash flows to assets is computed as
A) Net cash flows from operating activities/Average total assets B) Average total assets/Net cash flows from operating activities C) Net cash flows from operating activities/Sales D) Net income/Net cash flows from operating activities
The following information is available for Flanders and its two main competitors in the industry, Sanders and Anders:?FlandersSandersAnders?Cash$ 9,800$10,500$26,500?Short-term investments6,4008,20012,500?Accounts receivable12,5008,50014,350?Merchandise inventory30,15040,00040,150?Prepaid expense9006,7502,450?Accounts payable19,40013,75026,800?Salaries payable1,2003,5006,250?Other current payables6001,2002,150??????The industry standard for the current ratio is 1.8 and the industry standard for the acid-test ratio is 1.Required:1. Calculate the current ratio and acid-test ratio for each firm.2. Rank the firms in decreasing order of liquidity.3. Comment on Flanders' relative liquidity position.
What will be an ideal response?
Which of these laws came about as a response to the 1960s grassroots movement known as consumerism?
A. FTC Act B. Consumer Product Safety Act C. Robinson-Patman Act D. Clayton Act E. Digital Millennium Copyright Act
The provisions of a will currently undergoing probate are: "One thousand shares of Wal-Mart Stores stock to my son; $10,000 in cash from my Astoria Savings Bank account to my brother; $5,000 in cash to my daughter; and any remaining property divided equally between my son and daughter."Assuming at the time of death the estate included 1,400 shares of Wal-Mart Stores stock and $25,000 cash in the savings account, what would the son have received from the settlement of the estate?
A. 1,000 shares of Wal-Mart stock and $0 cash B. 1,200 shares of Wal-Mart stock and $5,000 cash C. 1,000 shares of Wal-Mart stock and $15,000 cash D. 1,400 shares of Wal-Mart stock and $5,000 cash E. 1,000 shares of Wal-Mart stock and $10,000 cash