Bon Suede, a shoe manufacturing company, produces ten thousand units of shoes of a distinct design. In 2015, the company was able to sell all the units within six months of manufacture, prompting the company to produce an additional ten thousand units. Which of the following financial ratios has most likely been analyzed in the given scenario?
A. Leverage ratios
B. Asset management ratios
C. Capital budgeting ratios
D. Profitability ratios
Answer: B
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In distinguishing between revenues and gains, which of the following statements is false?
A) More gains than revenues are beyond the entity's control. B) Gains are associated more with peripheral, nonoperating activities than are revenues. C) GAAP does not provide precise distinctions between revenues and gains. D) Revenues are reported net (rather than gross) more often than gains.
Which of the following holds true for the royalty fee paid by a franchisee?
A) It is a lump-sum payment for the privilege of being granted a franchise. B) It is a fee for promotional campaigns and administrative costs. C) It is a fee for the continued use of a franchisor's trade name. D) It is a payment for any land or equipment leased from a franchisor.
Information technology that links the various processes of the company into a single comprehensive information system is called:
A. a cost of quality system. B. a customer relationship management system. C. a distribution chain. D. an enterprise resource planning system.
Convert the decimal to a percent: .625