This topic contains a solution. Click here to go to the answer

Author Question: A firm has just ended the calendar year making a sale in the amount of 200,000 of merchandise ... (Read 119 times)

james9437

  • Hero Member
  • *****
  • Posts: 568
A firm has just ended the calendar year making a sale in the amount of 200,000 of merchandise purchased during the year at a total cost of 150,500.
 
  Although the firm paid in full for the merchandise during the year, it has yet to collect at year end from the customer. One possible problem this firm may face is ________.
  A) low profitability
  B) insolvency
  C) inability to receive credit
  D) high leverage

Question 2

A proxy battle is the attempt by ________.
 
  A) the creditors of a bankrupt corporation to seize assets of the corporation
  B) the management to dismiss the board of directors for their incapability to manage the operations
  C) a nonmanagement group to unseat the existing management and gain control of the firm
  D) the employees to form trade unions to influence decisions on behalf of members



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dinolord

  • Sr. Member
  • ****
  • Posts: 313
Answer to Question 1

B

Answer to Question 2

C




james9437

  • Member
  • Posts: 568
Reply 2 on: Jul 10, 2018
:D TYSM


31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

For a complete list of videos, visit our video library