When the vehicle speed is low, the driver should select a higher gear (which has a high gear ratio) so that the engine can be used to accelerate the vehicle.

True

False

Managers only use the cash flow statement to evaluate the net cash increase or decrease, and do not pay much attention to the details of cash flows from operating activities, cash flows from investing activities, and cash flows from financing

The 2016 balance sheet of The New York Times Company shows net operating profit margin (NOPM) of 3.1%, net operating asset turnover (NOAT) of 4.39, return on equity of 3.5%, and adjusted return on assets of 2.2%.

If a person invests in the stock market through a firm that pools funds from a large number of people and buys and professionally manages stock from a number of diversified companies, that person is investing in a (n) A. certicate of deposit. B.

Carla Vista Construction is constructing an office building under contract for Cannon Company and uses the percentage-of-completion method. The contract calls for progress billings and payments of $1300000 each quarter.

Belle, a nongovernmental not for profit organization, received funds during its annual campaign that were specifically pledged by the donor to another nongovernmental not for profit health organization. How should Belle record these funds

How can you know if it's a good time to start your business A. If you feel excited about it B. There's never a bad time to start your business. C. When the economy is strong D. When the financial pundits say things are improving

The matching principle requires that expenses be matched to revenue so that efforts are matched to accomplishments. Which of the following reflects proper matching? a. Cost of goods sold is recorded when a sale is made. b.

Wealth creating transactions are more likely to occur a. With private property rights b. With contract enforcement c. Both a and b d. None of the above

Each of the following decreases total stockholders' equity except a Entry field with incorrect answer all of these decrease total stockholders' equity. cash dividend. stock dividend. liquidating dividend.

Leno Company sells goods to the Fallon Company for $10,000. It offers credit terms of 2/10, n/30. If Fallon Company pays the invoice within the discount period, Leno Company will record a debit to Cash in the amount of: A. $10,200. B. $10,000. C.