Inventories and prepaid assets are excluded from the numerator used to compute the quick ratio
a. True
b. False
Indicate whether the statement is true or false
True
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A company fails to record one storeroom full of inventory in its year-end inventory records. As a result, this will cause:
a. an overstatement of cost of goods sold for the current year. b. an overstatement of inventory on the year-end balance sheet. c. an overstatement of retained earnings at the end of the year. d. an understatement of gross profit in the following year.
____ listening is particularly important when interacting with customers over the telephone or via the Web because they cannot see you nodding your head or making eye contact.
A. Dynamic B. Active C. Proactive D. Non-visual
Transfer prices may be used when decentralized units are organized as cost, profit, or investment centers
Indicate whether the statement is true or false
Autoregressive models:
a. use the average of the most recent data values in the time series as the forecast for the next period. b. are used to smooth out random fluctuations in time series. c. relate a time series to other variables that are believed to explain or cause its behavior. d. occur whenever all the independent variables are previous values of the same time series.