Other things held constant, the more debt a firm uses, the lower its profit margin will be.

a. true

b. false

Genevieve is a member of the board of directors and the chief financial officer of The Shoe Fits, Inc. Under the duty of care she owes the corporation, Genevieve does not need to: a.

In a competitive market, a. the goods offered by the different sellers are unique. b. accounting profit is driven to zero as firms freely enter and exit the market. c. no single buyer or seller can influence the price of the product. d.

A program in which students learn a specific skill for a particular job is called a (n) a. certification program b. dual enrollment program c. school-to-work program d. associate's degree program

Pamela became the intern supervisor after Hank noticed the positive way the interns respond to Pamela's management style. They trusted and respected her-even before she became the group's manager. This is an example of:

A company has net sales of $1,630,200 and average accounts receivable of $418,000. What is its accounts receivable turnover for the period?

Rules of Debit and CreditThe following table summarizes the rules of debit and credit. Indicate whether the proper answer is a debit or a credit.

Around which latitude (s) would you expect to find rainforests, and why? (you may enter up to 150 characters.)

An investor would like to invest $60,000 in two stocks from a list of six suggested by a broker. how many investments are possible if the investor wants to invest $50,000 in one stock and the rest in another

Hubbard Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2,100 tenant-days, but its actual level of activity was 2,060 tenant-days.

Explain how to determine gross profit on an income statement by selecting the correct statement below. Cost of goods sold is added to net sales. Cost of goods sold is added to sales discounts. Sales is subtracted from cost of goods sold.