A customer's check received in settlement of an account receivable is considered cash.

A customer's check received in settlement of an account receivable is considered cash.
 a. True
  b. False
 
   Indicate whether the statement is true or false

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(Q. 2) Refer to the information above. Will Ford MTR's annual interest expense be higher or lower than the amount of cash paid to investors for interest?
 
  A) higher
  B) lower
  C) the same
  D) The answer cannot be determined from the information given.

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(Q. 3) The controlled access to data, programs, and documentation is a principal responsibility of which of the following functions?
 a. data control
  b. data preparation (data entry)
  c. data librarian
  d. computer operator

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(Q. 4) GuGa's Shirt Company has current assets of 48,790; total assets of 536,780; current liabilities of 43,000; total liabilities of 323,786; and shareholders' equity of 212,994. Calculate the debt-to-equity ratio.
 
  A) 113
  B) 60
  C) 152
  D) 66

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(Q. 5) A self-employment tax is a contribution to the
 a. charities of the individual owner's choice.
   b. SUTA programs.
   c. FUTA programs.
   d. Social Security and Medicare programs.

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(Q. 6) Two systems of inventory record keeping are ________.
 
  A) periodic and perpetual
  B) computerized and database
  C) purchase returns and purchase discounts
  D) merchandising and manufacturing