The U.S. is not a party to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES)
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following variations of the retail inventory method would generally result in the lowest cost-to-retail ratio in a period of rising prices?
A. FIFO B. LIFO C. average cost D. lower of average cost or market
Use the financial data shown below to calculate the following ratios for the current year:(a) Current ratio.(b) Acid-test ratio.(c) Accounts receivable turnover.(d) Days' sales uncollected.(e) Inventory turnover.(f) Days' sales in inventory.Income statement data Sales (all on credit)$650,000Cost of goods sold 425,000Income before taxes78,000Net income54,600?Ending BalanceBeginning BalanceCash$ 19,500$ 15,000Accounts receivable (net) 65,00060,000Inventory71,50064,500Plant and equipment (net)195,000183,900Total assets$351,000$323,400Current liabilities $ 62,400$ 52,700Long-term notes payable97,500100,000
What will be an ideal response?
The creditors of Sara Delano have petitioned for involuntary bankruptcy proceedings against her. Delano has been consistently late in paying her obligations for the past year. Two months before the petition was filed, a custodian was appointed to
protect Delano's property. In her statement contesting the bankruptcy petition, Delano pointed out that she had dealt in good faith and could not be shown to be guilty of any act of misconduct. In addition, she cited her willingness to allow a custodian to be appointed as an indication of her intention to avoid bankruptcy and honor her obligations. Can she prevail?
The basic building block of any communications facility is the
transmission line. Indicate whether the statement is true or false