Which of the statements below is TRUE?
A) The frequency of bankruptcy for a high-tech up-start firm is lower than for a blue-chip firm, so we see higher borrowing rates for start-ups than for mature firms.
B) The frequency of bankruptcy for a high-tech up-start firm is higher than for a blue-chip firm, so we see lower borrowing rates for start-ups than for mature firms.
C) The frequency of bankruptcy for a high-tech up-start firm is lower than for a blue-chip firm, so we see lower borrowing rates for start-ups than for mature firms.
D) The frequency of bankruptcy for a high-tech up-start firm is higher than for a blue-chip firm, so we see higher borrowing rates for start-ups than for mature firms.
Answer: D
Explanation: D) All other answers besides D have at least one word that disagrees with the correct words found in D.
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Wilson, Inc provides the following data
2017 2016 Cash $41,000 $25,000 Accounts Receivable, Net 128,000 62,000 Merchandise Inventory 71,000 50,000 Property, Plant, and Equipment, Net 195,000 120,000 Total Assets $435,000 $257,000 Net Credit Sales $280,000 Cost of Goods Sold (130,000 ) Gross Profit $150,000 Calculate accounts receivable turnover ratio form 2017. (Round your answer to two decimal places.) A) 5.60 times B) 3.40 times C) 2.95 times D) 2.19 times
A life estate conveys to the life tenant
A) a leasehold for life. B) a reversionary interest. C) a legal life estate. D) ownership for life.