It is not necessary to give most lenders a current business plan or audited financial statements when requesting a long-term business loan.
Answer the following statement true (T) or false (F)
False
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A company reported the following year-end information:Cash$52,000Short-term investments 12,000Accounts receivable 54,000Inventory 325,000Prepaid expenses 17,500Accounts payable 106,500Other current payables 25,000Required:1. Explain the purpose of the acid-test ratio.2. Calculate the acid-test ratio for this company.3. What does the acid-test ratio reveal about this company?
What will be an ideal response?
A furniture manufacturer wants to test how consumers will respond to furniture upholstered in fabric made from recycled plastic by having consumers feel and respond to the fabric. Which form of survey would allow it to do this?
A. telephone interview B. mail questionnaire C. mall intercept interview D. observation study E. laboratory test
_____ are brands that the producer owns and markets.
A. Status brands B. Store brands C. Umbrella brands D. National brands
List the activities of Core Process 3: Discover and Understand Details