Excerpts from Sydner Corporation's most recent balance sheet appear below: Year 2Year 1Current assets: Cash$140 $160 Accounts receivable, net 210 230 Inventory 240 200 Prepaid expenses 10 10 Total current assets$ 600 $ 600 Total current liabilities$ 360 $ 330 Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900.The accounts receivable turnover for Year 2 is closest to:
A. 1.10
B. 6.32
C. 0.91
D. 6.62
Answer: B
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Consider the following statements. Which one of them is phrased in a negative way?
A) Please clarify your request. B) Your copier will be repaired next week. C) Your payment is late. D) Thank you for sharing your concerns about your shopping experience. E) Please verify the enclosed statement and provide a correct copy.
Which of these statements is not true?
a. Transactions must be recorded in a journal. b. All transactions could be recorded in the general journal. c. Companies use a number of special journals to record most transactions. d. Special journals are designed to improve record- keeping efficiency. e. The form of the journals are the same from industry to industry.
The role of an ethics course should be to convey information to a passive audience, while treating students as passive learners.
Answer the following statement true (T) or false (F)
A ________ mutual fund is a good investment for "rainy day" funds, while a ________ mutual fund is a good type of investment for funds earmarked for retirement in 25 years
A) municipal bond; corporate income B) money market; global growth C) diverse equity; money market D) short term junk bond; long term junk bond