All of the following are the types of activities that businesses engage in except:
a. financing activities.
b. investing activities.
c. operating activities.
d. organizational activities.
d
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A flood destroyed a company's warehouse contents on September 12. The following information was the only information that was salvaged:Inventory, beginning: $28,000 Purchases for the period: $17,000 Sales for the period: $55,000 Sales returns for the period: $700 The company's average gross profit ratio is 35%. What is the estimated cost of the lost inventory using the gross profit method?
A. $45,000. B. $29,250. C. $25,995. D. $44,000. E. $9,705.
Which of the following is a true statement concerning common stock?
a. The dividend is often a fixed percentage of par value. b. It accumulates unpaid dividends until they are all paid. c. Regular cash payments to the shareholder are required. d. There is an opportunity to realize greater growth in the value of the investment. e. When the firm is liquidated, the holders of common stock will be paid out of the proceeds of the sale of assets before anyone else.
If a security interest has attached, it is enforceable against the debtor
Indicate whether the statement is true or false
When a marketing researcher uses a collection of reports, customer letters, financial statements, and surveys from different departments within her firm to make marketing decisions today, she is using
A. primary data. B. probability data. C. internal secondary data. D. external secondary data. E. sensitivity analysis.