Liquidity ratios can be used:
a. to measure the degree of protection of long-term suppliers of funds.
b. to measure borrowing capacity.
c. to measure the earning ability of a firm.
d. to measure the firm's ability to meet its current obligations.
e. to measure the worth of the firm.
D
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On May 1, 2016, Plotter, Inc, issued $30,000 of ten-year, 12% bonds payable dated January 1, 2016. The cash received amounted to $29,808. The bonds pay interest semiannually. Potter's fiscal year ends on June 30, 2016. What amount of interest expense should be reported on the income statement prepared on June 30, 2016, assuming straight-line amortization?
A) $603.20 B) $669.60 C) $549.60 D) $609.60
Organizational marketing normally targets an individual
Indicate whether the statement is true or false
In computing a retailer's financial requirements, a personal drawing account should be listed as a source of funds
Indicate whether the statement is true or false
Inventories that are in transit in containers or trucks ______.
a. are known as pipeline inventories b. are known as in-house inventories c. are relatively small in global supply chain (as compared to domestic supply chains) d. are known as en route inventories