It cost Acme Global $10,000 to hire five new biofuels processing technicians. The cost per hire was ______.
A. $10,000
B. $5,000
C. $2,000
D. $1,000
C. $2,000
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For a firm using the indirect method, which of the following statements does not correctly describe an adjustment to net income when determining cash flows from operating activities?
A. An increase in wages payable will be added to net income. B. Amortization of bond discount will be added to net income. C. Patent amortization expense will be deducted from net income. D. A decrease in accrued interest payable will be deducted from net income.
In determining the dollar amount to use for operating assets in the return on investment (ROI) calculation, companies will generally use either net book value or gross cost of the assets. Which of the following is not an argument for the use of net book value rather than gross cost?
A. It eliminates the depreciation method as a factor in ROI calculations. B. It will result in a decrease of ROI each year. C. It is consistent with how assets are reported on the balance sheet. D. It encourages the replacement of old, worn-out equipment.
The post-closing trial balance contains
A) neither permanent accounts nor temporary accounts. B) temporary accounts only. C) permanent accounts only. D) both permanent accounts and temporary accounts.
A firm pursuing a sales objective is more likely to try to satisfy a market segment (instead of a mass market or multiple segments)
Indicate whether the statement is true or false