Which of the following terms best describes a distribution of the net income of a business to its owners?
a. Revenue
b. Dividends
c. Earnings
d. Monetary unit
b
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The control plan confirm input acceptance helps to achieve the sales order input control goal of:
a. sales order input validity b. sales order input accuracy c. sales order input completeness d. shipping notice input accuracy
'Services can't be touched but rather are experienced' describes the _______ characteristic of services
a. intangibility b. inseparability of production and consumption c. perishability d. heterogeneity
TruColor Printers Inc. has purchased a sophisticated printing press for $1 million. Which of the following is most likely to be true about the printing press?
a. It will be depreciated over its useful life. b. It will be charged as an expense in the year it is bought. c. It will more likely be short-lived. d. It will retain its identity in the final product.
The debt ratio is calculated as:
A. ?debt ratio = net operating income ÷ total debt. B. ?debt ratio = long-term liabilities ÷ current liabilities. C. ?debt ratio = sales ÷ total liabilities. D. ?debt ratio = total liabilities ÷ total assets. E. ?debt ratio = interest charges ÷ total liabilities.