A purchase of supplies for cash is recorded in the

a. cash payments journal.

b. purchases journal.

c. general journal.

d. cash receipts journal.

Which of the following statements is true? Select one: A. The quick ratio is a more restrictive measure of a firm's liquidity than the current ratio. B.

What are inferior goods? a. goods for which the demand falls when income rises b. goods that no one wants to buy c. goods for which the demand rises when income falls d. goods that are not well produced

Ou are a manager at Asda. You have been given the demand data for the past 10 weeks for swim rings for children. You decide to run three different types of forecasting methods on the data to see which gives you best forecast.

Saving your report in PDF format a. makes it easy to share electronically b. drastically limits the number of people who can access it c. will make most of the graphics impossible to read d. should only be used as a backup measure

King and Cleland recommend that organizations carefully develop a written mission statement in order to reap which benefit? A. To make sure all employees/managers understand the firm's history B.

What data is most likely to determine the length of time a corpse has been dead?

Firm a is a new producer in the market for good x, which is characterized by linear demand and supply curves. initially, to attract customers, the firm prices its product low at $8 per unit.

When rent control pushes the price of apartments below the market equilibrium, then everyone who would like a rent-controlled apartment will be able to find one. a shortage of the apartments will develop. a surplus of apartments will emerge.

Below is a common problem in which the payments are not the same time period as the interest rate or the time period.

The following data were taken from the records of Action Company and Brown Company: (Data are in thousands) Action Company Brown Company Current assets $15,000 $10,000 Current liabilities $14,500 $5,000 Working capital $500 $5,000 Current ratio 1.