The balance sheet contributes to financial reporting by providing a basis for all of the following except
a. computing rates of return.
b. evaluating the capital structure of the enterprise.
c. determining the increase in cash due to operations
d. assessing the liquidity and financial flexibility of the enterprise
Answer: c. determining the increase in cash due to operations
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A company uses a process costing system. Its Welding Department completed and transferred out 100,000 units during the current period. The ending inventory in the Welding Department consists of 30,000 units (75% complete with respect to direct materials and 40% complete with respect to conversion costs). Determine the equivalent units of production for the Welding Department for direct materials and conversion costs assuming the weighted average method.
A. 107,500 materials; 118,000 conversion. B. 112,500 materials; 130,000 conversion. C. 122,500 materials; 112,000 conversion. D. 130,000 materials; 112,000 conversion. E. 130,000 materials; 130,000 conversion.
______________ is defined as the ability to understand and influence others for the good of the organization.
a. Political skill b. Leadership inversion c. Politics d. Visibility
Answer the following statement(s) true (T) or false (F)
1. Chi-squared is calculated as the sum of all squared differences between observed and expected counts, divided by observed counts. 2. Because chi-squared is sensitive to small cell counts, you should always collect a large enough sample so that observed and expected cell sizes are all above 5. 3. If x2(2) = +1.133, the null should be rejected. 4. If x2 = 20 and k = 12, the null should be retained. 5. Cramer’s V can be interpreted as the difference between cells in standard deviation units.
A detailed description of an archetypical or hypothetical potential customer for a product or service is a(n) ________.
A. end user B. customer profile C. customer's job D. influencer