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Author Question: Which of the following is incorrect regarding the balance sheet? a. Net worth is the difference ... (Read 84 times)

Alygatorr01285

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on: Jun 29, 2018
Which of the following is incorrect regarding the balance sheet?
 a. Net worth is the difference between what the company owns and what the company owes.
 b. Prepaid expenses, part of current assets, can be liquidated within a year.
 c. Depreciation of current assets should be avoided to maintain asset value.
 d. Net worth is the sum of owner's investments and the reinvested profits.
 e. Goodwill is included mainly when the retailer purchases an existing business.

Question 2

In the statement: If we add 1.5 million of cable TV ads to our promotion strategy for this product line, we will increase the number of units sold by 10 percent next year, what is the independent variable?
 a. Units sold
 b. Percent change
 c. Product line
 d. Cable TV ad dollars


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Dinolord

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Reply #1 on: Jun 29, 2018
Answer to Question 1

c

Answer to Question 2

d


Alygatorr01285

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

rleezy04

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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