Answer:
The two main leading stock exchanges in the United States are the New York Stock Exchange (NYSE) and the Nasdaq stock market. The NYSE is bigger than the Nasdaq, and it is a physical location exchange where traders meet to buy and sell securities. While the Nasdaq is an electronic dealer based exchange where brokers and dealers are connected electronically.
Answer:
Acid-test (quick) ratio=0.76642
Explanation:
Given Data:
Current Assets=$193,000
Current Liabilities=$137,000
Cash=$62,000
Accounts receivable=$43,000
Inventory=$88,000
Required:
Acid-test (quick) ratio=?
Solution:
Quick Assets=Cash+Accounts receivable
Quick Assets=$62,000+$43,000
Quick Assets=$105,000
Acid-test (quick) ratio=Quick Assets/Current Liabilities
Acid-test (quick) ratio=$105,000/$137,000
Acid-test (quick) ratio=0.76642
If this is a true/false question, the answer is FALSE.
It is consumers' responsibility to report fraud when it occurs.
Answer:
The following records won't be required in drawing up a cash flow statement:
a. Income statement (True)
b. Balance sheet (True)
c. Prospectus (False)
d. Financial statement notes (True)
e. Company news releases (False)
f. Statement of cash flows (True)
g. Stock price information and analysis (False)
h. Statement of shareholders' equity (True)
i. Management discussion and analysis of financial performance (False)
Explanation:
A cash flow statement is an element of the financial statement which helps investors identify the liquidity of the business.
It reveals in great details the sources and uses of the cash resources of the business, and gives true indication to the internal workings of management in wealth creation for the shareholders
Since its only concerned about the cash uses and sourcing, it means not all financial record of the business will be essential in drawing up a statement of cash flow.
