How might inflation restrict the usefulness of the balance sheet as normally presented?
What will be an ideal response?
Inflation may significantly change the market value of assets and liabilities and be representative of actual values nor replacement costs.
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A company's return on capital is ________
A) invested capital divided by net marketing contribution B) net profit multiplied by invested capital C) net profit divided by invested capital D) net marketing contribution divided by invested capital E) invested capital divided by net profit
Explain the conversion cycle
________ is the category of B2B products that refers to the products an organization uses in its daily operations
A) Raw materials B) Component parts C) Equipment D) Processed materials E) MRO products
________ is a moral theory which holds that individuals must decide what is ethical based on their own feelings about what is right and wrong
A) Ethical relativism B) Kantian ethics C) Utilitarianism D) Rawls's social justice theory