Question 892 pts

CFO Jorge Sierra needs short-term financing for a large corporation. He decides to issue an unsecured debt instrument of $200,000 to be paid back in 150 days. Jorge is using ________.

a mortgage

factoring

commercial paper

retained earnings

trade credit

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Question 902 pts

Adam Zarand wants to help his company decide whether or not to shut down an unproductive plant. Which type of accounting will he MOST LIKELY use?

managerial

tax

government

financial

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Question 912 pts

The longest period covered in financial accounting reports is three months.

True

False

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Question 922 pts

Tracking a business's income and expenses through a process of recording financial transactions is called ________.

sales

production

strategy

accounting

budgeting

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Question 932 pts

Housing Repair Co. has total revenue of $100,000. COGS is $40,000. The company's gross profit margin is ________.

0.40

1.40

0.67

0.60

1.50