Book value per share may not approximate market value per share because:
a. Land may have substantially increased in value.
b. Market value reflects future potential earning power.
c. Investments may have a market value substantially above the original cost.
d. All of these are reasons why book value per share may not approximate market value per share.
D
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A(n) ________ is a temporary decrease in owner's equity caused by the owner taking cash or assets out of the business
a. revenue b. expense c. investment d. withdrawal
Return on assets ratio
a. Market price per share b. Net sales c. Gross profit d. Average total assets e. Interest expense, net of tax f. Net income g. Total liabilities h. Total assets
Which of the following is an example of a new task purchase?
A) purchasing paper clips for the office B) upgrading the local intranet with new technologies C) purchasing a corporate jet aircraft D) purchasing printer and toner for the office
______ speaking is delivered “off the cuff” and with little, if any, prior notice or preparation.
a. Spontaneous b. Extemporaneous c. Impromptu d. Impulsive