The Corner Store has $219,000 of sales and $187,000 of total assets. The firm is operating at 87 percent of capacity. What is the capital intensity ratio at full capacity?
A. 0.62
B. 0.68
C. 0.74
D. 1.35
E. 1.47
Answer: C. 0.74
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Which of the following is true about insurable interest regarding property insurance?
A) The insurable interest in the property must exist at the time there is a loss. B) The insurable interest in the property must exist at the time of the policy issuance. C) A party has an insurable interest in any item for which the party can establish a value. D) Only one party can have an insurable interest in the same item at the same time. E) Both A and C
The largest part of business accounts payable are normally
A) obligations of a firm that were accumulated and are owed to governmental agencies. B) obligations of our firm that were obtained by purchasing inventory on credit. C) the monthly obligations that were contracted for, like mortgage payments, insurance, and utilities. D) the monthly payroll owed to employees.