Which of the following ratios would generally be used to evaluate a firm's overall liquidity position?
a. Working capital
b. Current ratio
c. Acid-test ratio
d. Cash ratio
e. Inventory turnover in days
B
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At December 31, 2015, the accounting records of Wyndam Corporation contain the following: Accounts payable $ 16,000 Accounts receivable $ 40,000 Land 240,000 Cash ? Capital stock ? Equipment 120,000 Building 180,000 Notes payable 190,000 Retained earnings 160,000 If capital stock is $260,000, what is the December 31, 2015 cash balance?
a. $46,000 b. $506,000 c. $94,000 d. $86,000
Observation suffers from which of the following limitations?
a. Observation of processing is rarely unobtrusive. b. Observation of processing on one day does not necessarily indicate how transactions were processed on a different day. c. All the above. d. None of the above.
Alex had purchased a battery-operated drill. The drill overheated and exploded when he tried to use it. It was determined that the explosion was due to a problem with how the drill was manufactured. Alex can lodge a complaint about the drill at the_______
Fill in the blanks with correct word.
Julia is considering a career in marketing. She is concerned about the image of marketers as fast-talking, high-pressure people who care only about making a sale. When reading about the core aspects of marketing, Julia is relieved to see that in marketing
A. customers are not considered until the product is ready for sale. B. value creation is driven by corporate interests. C. understanding consumer needs and wants is fundamental. D. distribution is controlled by customers. E. promotion is the most important consideration, followed by pricing decisions.