Gross profit ratio equals gross profit divided by net income
Indicate whether the statement is true or false
F
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Even if storage cost is not as attractive as that of CDs, portability and the fact that their ports are ubiquitous in PCs might push one toward selecting a _____.
A. Zip disk B. USB flash drive C. flash disk D. memory card
A typical salesperson's product knowledge should primarily include:
A. the product's FAB. B. how the product is made. C. the product's AIDA sequence. D. who invented the product. E. the product's SELL sequence.
What was the main argument of FASB Interpretation 3?
a. ERISA did not create a pension liability except in the likelihood of plan termination. b. The cost of providing pension benefits should be spread over the remaining service life of employees. c. Pension expense should be computed using any one of five acceptable accumulated benefit methods, regardless of cash contributions. d. The balance sheet should report unfunded vested benefits.
Which of the following lease conditions would result in a capital lease to the lessee?
A) The lessee will return the property to the lessor at the end of the lease term. B) The lessee obtains enough rights to use the asset and is in substance the owner. C) The leased asset is not capitalized on the balance sheet. D) The lease term is 70% of the property's economic life.