Indicate whether each of the following statements is true or false.Use of residual income to evaluate managers of an investment center may avoid some of the suboptimization that can occur with use of return on investment as a performance measure.Residual income is stated as a ratio or percentage.One disadvantage with residual income as a measure of performance is that it causes smaller divisions to appear to do better than larger divisions.A balanced score card includes various non-financial performance measures as well as financial performance measures.The balanced scorecard is a holistic approach to evaluating management and division performance.
What will be an ideal response?
Use of residual income to evaluate managers of an investment center may avoid some of the suboptimization that can occur with use of return on investment as a performance measure. T
Residual income is stated as a ratio or percentage. F
One disadvantage with residual income as a measure of performance is that it causes smaller divisions to appear to do better than larger divisions. F
A balanced score card includes various non-financial performance measures as well as financial performance measures. T
The balanced scorecard is a holistic approach to evaluating management and division performance. T
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Indicate whether the statement is true or false
Russell Co. received a $400 utility bill for the current month's electricity. It is not due until the end of the next month which is when they intend to pay it. Which of the following general journal entries will Russell Co. make to record the receipt of the bill?
A.
| Cash | 400 | |
| Utilities Expense | 400 |
B.
| Accounts Payable | 400 | |
| Utilities Expense | 400 |
C.
| Utilities Expense | 400 | |
| Accounts Receivable | 400 |
D.
| Utilities Expense | 400 | |
| Accounts Payable | 400 |
E. No journal entry is required.
________ is the violation of a statute that proximately causes an injury.
A. Disparagement B. Res ipsa loquitur C. Negligence per se D. Misappropriation
There ________ many old books in the living room that my grandparents ________ to read
A) is/love B) are/loves C) is/loves D) are/love