The profit margin on sales ratio is a measure for analyzing the use of property, plant, and equipment.

a. true
b. false

Answer: a. true

Business

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During 2016, the accounts receivable balance of Dickerson Corp increased. Which of the following statements is true?

a. This indicates that Dickerson sold more than it collected in cash during the period. b. This increase is added to net income in the operating activities section of a statement of cash flows prepared under the indirect method. c. This increase is added to sales recognized on the income statement to determine the cash collections from customers during the period. d. This increase is considered only when the operating activities section of a statement of cash flows is prepared under the indirect method.

Business

Which sentence is better expressed?

A) We must try to, even if we are busy, answer all customer questions. B) We must try to answer all customer questions even if we are busy.

Business