A one-to-many relationship means that an occurrence of a specific entity can only exist once in each table
a. True
b. False
Indicate whether the statement is true or false
False
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Alpha is popular loungewear that prides itself on its versatility. Last year, its net sales were $1,750,000 with cost of goods of $390,000. The company's operating expenses totaled $960,000. Calculate the company's net operating profit margin percentage.
A. 12.5 percent B. 22.9 percent C. 77.1 percent D. 19.3 percent E. 22.2 percent
The LIFO inventory costing method results in the acid-test ratio being overstated
Indicate whether the statement is true or false
Economic exposure is:
a. the exposure to exchange gains and losses resulting from translating U.S.-dollar-denominated financial statement into foreign denominations. b. the exposure to exchange gains and losses resulting from translating foreign-currency-denominated financial statements into U.S. dollars. c. the exposure to cash flow changes resulting from dealings in foreign-denominated transactions and commitments. d. a result of the need to use more foreign currency to settle U.S.-dollar-denominated debt.
A problem common to franchisors and department or discount stores that utilize leased departments is the _____
a. short duration of most leases b. potential negative effect on the firm's overall image c. inflexibility with regard to store hours and operating style d. legality of contract provisions relating to use of approved vendors