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Author Question: An example of good internal controls over cash payments is the taking of all cash discounts offered. ... (Read 239 times)

Zulu123

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on: Jul 5, 2018
An example of good internal controls over cash payments is the taking of all cash discounts offered.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Doolitte & Daley, Inc. has current assets of 100,000; total assets of 300,000; current liabilities of 80,000; total liabilities of 180,000; and shareholders' equity of 120,000. Calculate the debt-to-equity ratio.
 
  A) 125
  B) 60
  C) 40
  D) 150


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mceravolo

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Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

D


Zulu123

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

billybob123

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Reply 3 on: Yesterday
:D TYSM

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