In reality, the sequence of the flow of authority of a corporation from the powers granted in the charter of the corporation is from the:
A. CEO to the directors to the stockholders.
B. directors to the CEO to the stockholders.
C. stockholders to the directors to the CEO.
D. CEO to the stockholders to the directors.
Answer: A. CEO to the directors to the stockholders.
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For the straight-line method, depreciable cost is calculated by taking the total cost of an asset and
a. dividing by useful life; b. adding salvage value; c. subtracting salvage value; d. multiplying by the useful life; e. subtracting the amount of cash paid to date
Interest margin to average total assets measures:
a. the balance between earning and nonearning assets. b. management's ability to control the spread between interest income and interest expense. c. the ability to borrow successfully. d. the proportion of debt to equity. e. the return on owner's investment.
Green Skies Company prepares its statement of cash flows using the indirect method. Indicate whether each of the items below would be added to (+) or deducted from (-) net income to determine net cash flows from operating activities. _____ 1. Increase in Inventory _____ 2. Increase in Accounts Payable _____ 3. Depreciation Expense _____ 4. Loss on Disposal of Truck _____ 5. Decrease in Accounts
Receivable _____ 6. Decrease in Wages Payable _____ 7. Amortization Expense _____ 8. Decrease in Prepaid Rent _____ 9. Gain on Sale of Land _____ 10. Decrease in Income Taxes Payable Fill in the blank(s) with correct word
The _____ involves comparing the actual results with those predicted by the project's sponsors and explaining why any differences occur.?
A. ?discounted payback B. ?internal rate of return C. ?post-audit D. ?net present value E. ?economic value added