The limitations of financial performance measures reinforce the importance of the balanced scorecard
Indicate whether the statement is true or false
TRUE
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The Apple iPhone is rated by Consumer Reports as being one of the best smartphones in the industry. Define customer value. In what ways do you think the Apple iPhone provides value for its customers?
What will be an ideal response?
Management would not use the statement of cash flows to
a. assess the liquidity of the business. b. determine dividend policy. c. evaluate the effects of major policy decisions involving investments and financing. d. determine the financial position of the company.
U.S. GAAP and IFRS require firms to account for debt securities held-to-maturity that are deemed to be impaired. The investor recognizes (debits) _____ and reduces (credits) _____
a. an impairment loss (included in other comprehensive income); the balance sheet carrying value of the investment b. the balance sheet carrying value of the investment; an impairment loss (included in other comprehensive income) c. the balance sheet carrying value of the investment; an impairment loss (included in net income) d. an impairment loss (included in net income); the balance sheet carrying value of the investment e. reserve for impairment loss (included in other comprehensive income); the balance sheet reserve for net realizable value of investments
A firm's accounts receivables are $1,000,000; its net sales are $16,000,000 . Its collection period is _____ days
a. 6 b. 23 c. 30 d. 67