Profitability ratios measure A. a company’s ability to earn profits. B. a company’s ability to meet short-term obligations. C. how well a company is using debt versus equity. D. how effectively a company is using its assets
Profitability ratios measure how effectively a company is using its assets.
Updated 3/9/2016 5:12:23 AM
Confirmed by jeifunk [3/9/2016 5:12:23 AM]
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If a credit memorandum is issued, which account will be increased on the seller’s books? A. Accounts Receivable B. Accounts Payable C. Sales Discount D. Sales Returns and Allowances
Updated 3/14/2020 5:38:33 AM
If a credit memorandum is issued, Accounts Receivable will be increased on the seller’s books.
Beginning inventory was \$4,000, purchases totaled \$22,000, and sales were \$20,000. What is the ending inventory? A. \$2,000 B. \$4,000 C. \$6,000 D. \$8,000
Weegy: Beginning inventory was \$4,000, purchases totaled \$22,000, and sales were \$20,000. 4,000 + 22,000 - 20,000 = 6,000 The ending inventory is \$6,000. (More)
Updated 5/17/2020 7:36:28 AM
One advantage of the LIFO method is that A. an equal cost is assigned to each unit, so net income doesn’t fluctuate as much as with other methods. B. flow of goods and flow of costs are the same. C. it matches current selling prices and current costs. D. ending inventory is valued at very old costs.
Updated 11/18/2020 10:51:12 AM
One advantage of the LIFO method is that: it matches current selling prices and current costs.

Which account is used with a periodic inventory system?
Updated 8/24/2022 9:51:53 AM
Under the periodic inventory system, all purchases made between physical inventory counts are recorded in a purchases account. When a physical inventory count is done, the balance in the purchases account is then shifted into the inventory account, which in turn is adjusted to match the cost of the ending inventory.
A promissory note A. is a written promise to pay. B. is an oral promise to pay. C. is due in 30 days. D. entitles the maker to a discount
Weegy: A promissory note is a WRITTEN PROMISE TO PAY. (More)
Updated 3/6/2016 12:53:36 AM
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