A retailer's assets are very small relative to its liabilities. The retailer has _____
a. low fixed assets
b. low profit margin
c. high financial leverage
d. high net worth
c
You might also like to view...
Explorer groups:
A) can be fun for employees. B) go to other businesses to see how they do things. C) utilize observational research. D) All of the above.
Which of the following accounts probably would be greater in amount on an adjusted trial balance than on a trial balance?
a. Wages Payable b. Unearned Revenue c. Prepaid Advertising d. Painting Supplies
April's cost of goods sold is $32,000. The amount of Merchandise Inventory to be shown on the budgeted balance sheet at March 31 would be ________.
Teleco Corp. is preparing its budget for the first quarter of 2018. The following data is provided:
A) $10,625
B) $11,750
C) $34,000
D) $13,000
During a period of rising inventory prices the LIFO cost flow method will result in higher total assets than FIFO.
Answer the following statement true (T) or false (F)