As a part of internal controls, petty cash funds should be kept in a safe, locked cash box, or a locked drawer.
Answer the following statement true (T) or false (F)
True
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The goal of the ______ is to make significant improvements in performance and to establish a new dominant design.
a. generational change approach b. technology cycle c. experimental approach d. incremental change approach
The recording of the jobs completed would include a credit to:
A) Factory Overhead B) Finished Goods C) Work in Process D) Cost of Goods Sold
Current assets divided by current liabilities is the:
A. Debt ratio. B. Quick ratio. C. Solvency ratio. D. Current ratio. E. Liquidity ratio.
Picasso's Paints has net sales of $1,020,000, net income of $74,000, average current assets of $43,000, average fixed assets of $170,000, and average total assets of $213,000. What is Picasso's fixed asset turnover ratio? (Round your final answer to two decimal places.)
A) 6.00 B) 4.79 C) 23.72 D) 0.17