If you were given the components of current assets and of current liabilities, what ratio(s) could you compute?
A) Acid test or quick ratio
B) Average collection period
C) Current ratio
D) Both A and C
E) All of the above
Answer: D
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Which is the best definition of scienter?
a. Fraudulent conduct in the purchase of a security. b. A causal connection between a misstatement and a material loss. c. A material omission of facts. d. A wrongful state of mind when making a misrepresentation.
Once he successfully completed the group project, the committee to review the company’s finances disbanded, and everyone returned to their original units. The finance committee is in which stage of group development?
A. forming B. storming C. norming D. adjourning
If service desks do not capture data, they will have trouble creating the _______ necessary to understand customer needs and expectations and may find themselves focusing on activities that are unimportant to customers.
Fill in the blank(s) with the appropriate word(s).
_____ present an ordered list, grouped by broad categories of revenues and expenses. They begin with revenues followed by a list of expenses
a. Income Statement b. Balance Sheets c. Statement of Retained Earnings d. Statement of Cash Flows e. None of the above