The kind of responsibility center that would be evaluated by comparing income on assets to the amount of assets invested is:
A. A cost center.
B. A profit center.
C. An asset center.
D. An investment center.
Answer: D
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The adjusted trial balance contains information pertaining to:
A. Asset accounts only. B. Revenue accounts only. C. Income statement accounts only. D. All general ledger accounts. E. Balance sheet accounts only.
Nintendo introduced the Wii home gaming system to older consumers in retirement homes for light exercise. Explain the kind of growth strategy Nintendo used
What will be an ideal response?
Answer the following statements true (T) or false (F)
Relevance and reliability are the primary characteristics that standard setters should be concerned with.
Stock A has a beta (?) equal to 2.1 and Stock B has a beta equal to 0.7. Based on this information, according to the capital asset pricing model (CAPM), which of the following statements is correct?
A. ?The required rate of return for Stock A, rA, should be 2.1 times the required rate of return for Stock B, rB. B. ?The risk premium associated with Stock A, RPA, should be 2.1 times the risk premium associated with Stock B, RPB. C. ?The required rate of return for Stock A, rA, should be three times the required rate of return for Stock B, rB. D. ?The risk premium associated with Stock A, RPA, should be three times the risk premium associated with Stock B, RPB. E. ?The required rate of return for Stock A, rA, should be three times the risk premium associated with Stock A, RPA