Rounding to a specific place value:
A. is usually more accurate than rounding all the way.
B. always gives a new value that is higher than the original number.
C. always gives a value that is lower than the original number.
D. is usually less accurate than rounding all the way.
Answer: A
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Everett, Miguel, and Ramona are partners, sharing income 1:2:3 . After selling all of the assets for cash, dividing losses on realization, and paying liabilities, the balances in the capital accounts are as follows: Everett, $50,000 Cr.; Miguel, $40,000 Dr.; and Ramona, $30,000 Cr. How much cash is available for distribution to the partners?
a. $120,000 b. $30,000 c. $40,000 d. $90,000
Project success or failure often is reliant upon the contributions of all of the following groups of stakeholders EXCEPT
A. Top management. B. Customers. C. Suppliers. D. Competitors. E. Contractors.
______ provide individuals and groups with the tools and systems to achieve objectives and goals.
A. Individuals B. Departments C. Teams D. Organizations
Regarding the profit margin ratio, which of the following statements is incorrect?
A) The higher the profit margin ratio, the more sales dollars end up as profit. B) The profit margin ratio is computed by dividing net sales by net income. C) The profit margin ratio shows how much net income a business earns on every $1.00 of sales. D) The profit margin ratio focuses on the profitability of a company and is often reported in the business press.