________ is the annual amount of cash dividends per share distributed to common shareholders relative to the stock's market price.

Fill in the blank(s) with the appropriate word(s).


Dividend yield

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Roger is the head of the insurance claims department. Roger works for longer hours than his subordinates, however, he is not paid overtime for working more than 40 hours per week. Under the FLSA, which statement justifies the organization's decision not to give Roger's overtime pay?

A. Roger is not a U.S. citizen. B. Roger has lower educational qualifications than his subordinates. C. Roger is considered as an exempt employee. D. Roger is unmarried. E. Roger comes from an economically strong background.

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The allowance for doubtful accounts will not be precise by either the client or the auditor because of which of the following reasons?

a. It is an accounting estimate based upon judgment. b. GAAP is not clear on the calculation of the allowance. c. It is merely a reserve that is reversed by the client as income is needed for profitable results. d. The precision is determined by the results of confirmation responses.

Business

Many companies that use the declining-balance method of depreciation switch to the straight-line method at some point in the life of a depreciable asset.  When does that switch normally occur?

A. never, since one method must be applied consistently throughout the life of an asset B. in the last quarter of the life of the asset C. when the depreciation cost under the accelerated method exceeds the depreciation cost under the straight-line method D. midpoint in the life of the asset

Business

Developing a Professional Profile An increasing number of job applicants are developing an electronic portfolio that is posted on the applicants' personal website. Austin McClain is a recent graduate with an MBA degree in accounting. He needs to write a

professional profile for his electronic portfolio that highlights his accomplishments that include the following: Austin wants to work with the first-year audit staff in a large international accounting firm. He has an auditing experience resulting from a summer internship with a Dallas accounting firm. He has the required knowledge and skill to use the ERP systems, ACL, database, and spreadsheet software. Austin is fluent in Spanish, which will be advantageous while working with international clients. As a student, he has been active in Beta Alpha Psi, the honorary accounting society, and several other organizations, where he held leadership positions. He has strong written and verbal communication skills. Required: Write a professional profile for Austin McClain suitable for posting on his electronic portfolio.

Business