Certain liquidation cases may be converted to repayment plan cases with the consent of the debtor.
Answer the following statement true (T) or false (F)
True
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Which of the following below generally is the most useful in analyzing companies of different sizes
A) comparative statements B) common-sized financial statements C) price-level accounting D) audit report
On January 1, Year 1, Golden Company purchased a new computer system for $50,000. Management estimates that the system will have a 5-year life and a salvage value of $7,500. Jane Golden, the company president, knows that the system can be depreciated using either the straight-line method or the double-declining-balance method. She is concerned as to the possible effect on various financial statement analyses if the company uses one method versus the other.Required: a) Indicate which method will have the larger negative effect (in other words, the less favorable effect) on each of the following ratios in Year 1: (1) Debt-to-equity ratio (2) Return-on-sales b) Indicate which method will have the larger negative effect on each of the following ratios in Year 4: (1) Debt-to-equity
ratio (2) Return-on-sales What will be an ideal response?
Andy is planning to develop a certain parcel of land. There are some questions as to whether or
not a federal environmental impact statement is required. Which of the following could be a good reason that an environmental impact statement is not required? A) The action is taken by a state government. B) The action is taken by a private entity. C) The action is taken by a federal agency. D) Both A and B are good reasons. E) A, B, and C are good reasons.
The public is becoming more aware of how marketers' activities affect the welfare of consumers and society. As a result, more firms are working to?
A. ?raise prices in order to increase their profits so that they can contribute to philanthropic causes. B. ?reduce the quality of their products in order to save money and provide less expensive products to their consumers. C. ?reduce their profits by donating more time and money to improve social welfare and environmental conditions. D. ?enact laws requiring companies to work toward the welfare of customers and society E. ?create a responsible approach to developing long-term relationships with customers and society.