The _____ notation of entity-relationship modelling can be used for both conceptual and implementation modelling
a. Bachman b. UML
c. Chen d. Crow's Foot
b
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The acid-test ratio is the same as the
a. working capital ratio; b. quick ratio; c. current ratio; d. leverage ratio; e. none of these.
When an investor uses the equity method to account for investments in common stock, the investment account will be increased when the investor recognizes
a. a proportionate share of the net income of the investee. b. a cash dividend received from the investee. c. periodic amortization of an intangible arising from contractual rights acquired in the purchase. d. depreciation related to the excess of market value over book value of the investee's depreciable assets at the date of purchase by the investor.
Shares and open ended mutual funds are actively traded in secondary markets
Answer the following statement(s) true (T) or false (F)
The degree of operating leverage has which of the following characteristics?
A. The closer the firm is operating to the breakeven quantity, the smaller the DOL. B. A change in quantity demanded will produce the same percentage change in EBIT as an identical change in price per unit of output, other things held constant. C. The DOL is not a fixed number for a given firm, but will depend upon the time zero values of the economic variable Q (Quantity), P (Price), and V (Volume). D. The DOL relates the change in net income to the change in operating income. E. If the firm has no debt, the DOL will equal 1.