Manchester Technology Has the Following Data Available If a Common Size Balance Sheet Were Prepared,what Percentage Would

question 20

Multiple Choice

Manchester Technology has the following data available: $\begin{array} { l l } \text { Long-term Note Payable, December 31, 2013 } & \$ 90 \\\text { Long-term Note Payable, December 31, 2012 } & \$ 180 \\\text { Total Assets, December 31, 2013 } & \$ 630 \\\text { Total Assets, December 31, 2012 } & \$ 585 \\\text { Total Liabilities, December 31, 2013 } & \$ 320 \\\text { Total Liabilities, December 31, 2012 } & \$ 300\end{array}$
If a common size balance sheet were prepared,what percentage would be attributable to the 2012 long-term note payable of Manchester Technology?

• A)30.8%
• B)60.0%
• C)63.2%
• D)69.2%
• E)100.0%

Identify appropriate supervisory actions based on the underlying reasons for performance issues.

Understand the relationship between performance appraisals and employee training and development.

Recognize the characteristics that should be the focus of performance appraisals according to EEOC guidelines.

Understand the role of performance appraisals in reinforcing positive behavior and improving performance.

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Definitions:

Discount

A reduction to the usual price of goods or services, or in finance, the difference between the face value of a bond and its selling price.

Forego Discount

Choosing not to take advantage of early payment discounts offered by suppliers or creditors.

Costly Trade Credit

Refers to the high cost associated with the short-term financing obtained by buyers from suppliers when they choose to delay payment.

Gross Purchases

The total amount of all purchases made by a business before deducting any discounts, returns, or allowances.