Which statement(s) is/are true?
I). Merchandise shipped FOB destination is actually owned by the seller until the goods reach the receiving dock of the buyer.
II). If the ending inventory of the business is understated, the net income for the period will be understated and the retained earnings for the period will be overstated.
III). If the ending inventory of the business is overstated, the net income for the period will be overstated and the net income for the following period will also be overstated.
IV). When the value of ending merchandise inventory is overstated, the net income of the subsequent year will be understated by the amount of the overstatement.
Higher than expected aggregate demand will result in an inflation that is like a ______ one.
If the Laspeyres index is 120, the Paasche index is 115, then the Fisher index is:
Melons 'R' Us, a national chain of fruit stands, has an inventory period of 65 days, an accounts payable period of 30 days, and accounts receivable are collected, on average, in 24 days. The CFO plans to implement a discount plan in order to reduce the time it takes to collect receivables to 18 days. What will happen to the firm's cash cycle?
In the short run, the unemployment rate ____________ the natural unemployment rate.
