Identify and explain five of the business trends over the next five years. How will these trends affect YOU? Be specific.
What will be an ideal response?
Answers will vary. Some possible responses are: the average business firm will become smaller. The service sector will continue to dominate our economy in terms of growth and new jobs. Globalization and rapid growth in technology will continue.
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Which of the following statements best describes an inherent limitation of the monetary-unit sampling method?
A. It requires the use of a computer system to perform the required calculations. B. It can only be used for substantive testing of asset accounts. C. Misstatement rates must be large and the misstatements must be overstatements. D. Misstatement rates must be small and the misstatements must be overstatements.
Which of the following statements comparing the NPV and IRR methods is false?
A) Both the NPV and IRR methods can be used for screening decisions. B) Only the NPV method can be used to compare investments of various size or magnitude. C) Both the NPV and IRR methods can take income tax effects into account. D) Both the NPV and IRR methods are used for long-term decision making.
If Keisuki insures his building for $300,000 and at the time of its total loss the property is valued at $250,000, under an open policy Keisuki would recover $300,000
Indicate whether the statement is true or false
Amadeus, Inc. has net sales of $960,000, net income of $76,000, average current assets of $42,000, average fixed assets of $167,000, and average total assets of $207,000. What is Amadeus Inc.'s return on assets? (Round your final answer to the nearest percentage.)
A) 46% B) 181% C) 8% D) 37%