After being in business for 24 months, Paul's auto spare parts company Chromson Inc. grows to a relatively stable size. Which of the following would be Paul's primary financial management need at this stage?
A. Clearing all debts
B. Establishing internal control over assets
C. Building owner's wealth
D. Implementing bootstrapping techniques
Answer: C
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The control plan ______________________________ assumes that there is a segregation of duties between those who approve prices and those involved in the selling function
Fill in the blank(s) with correct word
"The amounts obtained for cost of goods sold and ending merchandise inventory are always the same for FIFO perpetual and FIFO periodic." Is this statement TRUE? Why or why not?
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. The price/earnings ratio measures the value that the stock market places on $1 of a company's earnings. 2. The rate of return on common stockholders' equity shows the relationship between net income available to common stockholders and their average common equity invested in the company.
Which of the following systems provides for a separate record of the cost of each particular quantity of product that passes through the factory?
A) Job order cost system B) General cost system C) Replacement cost system D) Process cost system