In trend analysis, each item is expressed as a percentage of the
a. net income amount.
b. total assets amount.
c. base year amount.
d. retained earnings amount.
C
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In the table above, a change in the ______ will result in a movement along the supply schedule of pounds.
a. dollar/pound exchange rate b. rate of interest in the United States c. per-capital income of Americans d. level of technology in the United States
On January 1, $2,000,000, 5-year, 10% bonds, were issued for $1,960,000 . Interest is paid semiannually on January1 and July 1 . If the issuing corporation uses the straight-line method to amortize discount on bonds payable, thesemiannual amortization amount is
a. $8,000 b. $2,000 c. $4,000 d. $10,000
Ryan Company purchased a machine on July 1 . 2013 . The machine cost $250,000 and has a salvage value of $10,000 and a useful life of eight years. The adjusting entry for the year ending December 31 . 2014, would include a debit to Depreciation Expense of
a. $30,000. b. $15,000. c. $31,250. d. $15,625.
Effective management practices drive ________.
A. long-term growth B. employee satisfaction C. customer satisfaction D. long-term profitability