A homeowner that owes more on his/her mortgage than the home is worth is said to be “under water.” Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
The sole proprietorship has no legal business structure separate from its owner. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Registration of securities by the SEC indicates to investors that the risk of those securities is reasonable. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Financial intermediaries issue their own indirect securities and use the proceeds to purchase the direct securities of other economic units. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Financial ratios are used by managers inside the company and by lenders, credit-rating agencies, and investors outside of the company. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
When the present financial ratios of a firm are compared with similar ratios for another firm in the same industry it is called trend analysis. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
Theoretically, market values of assets are better for evaluating the creation of shareholder wealth than accounting numbers, but accounting numbers are used because they are more readily available. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Cash markets are often referred to as spot markets. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
An efficient market is one where the prices of the assets traded in that market fully reflect all available information at any instant in time. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
Company A and Company B both report the same level of sales and net income. Therefore, A) both A and B will report the same Earnings Per Share. B) both A and B will report the same Gross Profit Margin. C) both A and B will report the same Net Profit Margin. D) both A […]
Date: September 19th, 2020
