Which of the following businesses will be positively impacted by a weak dollar?
A) retailing
B) imports
C) exports
D) personal services
Answer: C
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The following information is provided by the Ferrara Corporation: Beginning retained earnings $ 50,000 Ending retained earnings 70,000 Dividends declared and paid 10,000 Revenue 50,000 Calculate Ferrara Corporation's expenses
a. $20,000 b. $30,000 c. $40,000 d. Cannot tell from the information provided.
You will be more successful in your job if you are motivated to work each day. _________________________
Answer the following statement true (T) or false (F)
On a balance sheet, assets are listed in order, from the most liquid to the least liquid.
Answer the following statement true (T) or false (F)
During the year just ended, the retailer James Corporation purchased $425,000 of inventory. The inventory balance at the beginning of the year was $175,000. If the cost of goods sold for the year was $450,000, then the inventory turnover for the year was:
A. 2.57 B. 2.62 C. 3.00 D. 2.77