The percentage-of-sales method of preparing pro forma income statements assumes that ________
A) sales are fixed
B) all costs inversely vary with sales
C) all costs are independent
D) all costs are variable
D
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________ is determined by multiplying profit margin, assets turnover and assets to equity ratio
a. Return on assets b. Debt to assets c. Capital structure d. Return on equity
Even though the consolidation of two or more forms may be possible, doing so is unwise because of the impact of the consolidation on systems utilization
Indicate whether the statement is true or false.
A key to calculating your taxes is deciding which Form 1050 to use: 1050EZ, 1050A, or 1050
Indicate whether this statement is true or false.
Which of the following should be contained in the articles of partnership?
A) ?Biographical details of each partner B) Each partner's personal address C) Amounts of withdrawals of money D) ?Names of every partner's guarantor