Silvano owns Textbooks Plus, a sole proprietorship that sells textbooks and other school supplies. When Silvano dies, Textbooks Plus will automatically
a. dissolve.
b. pass to Silvano's heirs.
c. pass to the state.
d. be offered for sale to its creditors and competitors.
a
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Which of the following is the assignment of an internal function to an outside vendor?
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In a perfectly matched hedge of fixed-rate debt using an interest rate swap, the effect of a change in fair value of the derivative on the income statement
A) is always a gain. B) may be a gain or a loss. C) is zero. D) is always a loss.
How could Aetna have implemented a different strategy in order to have dealt with the situation in a better way?
What will be an ideal response?
Bernstein Inc Bernstein Inc is a local retailer. The following selected information is available from their 2011 and 2012 financial statements: Accounts receivable at 12/31/11 $ 160,000 Accounts receivable at 12/31/12 240,000 Inventory at 12/31/11 300,000 Inventory at 12/31/12 360,000 Net credit sales for 2012 3,400,000 Cost of goods sold for 2012 1,980,000 Net income for 2012 1,000,000 Refer to
the Bernstein Inc information above. What was Bernstein's inventory turnover ratio for 2012? (round to two decimal places) A) 3.03 B) 1.52 C) 6.00 D) 3.00