Which of the following financial statements would be most useful if an analyst wants to know the profitability of a company?
A) income statement
B) balance sheet
C) statement of retained earnings
D) statement of cash flows
A
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When the organization pays wages that are relatively equal to that of other employers for similar work, it is the basis of
A. comparable worth. B. external equity. C. compensable factors. D. equal pay.
Sam quit his job as an accountant with We Keep Books Accurately to open his own accounting
firm. He earned $40,000 with the accounting firm We Keep Books Accurately. During the current year, Sam had revenues of $150,000 and total expenses of $110,000. Sam earned an A) accounting profit of $40,000. B) entrepreneurial profit of $40,000, but had an accounting loss. C) accounting profit of $40,000 and an entrepreneurial profit of $40,000. D) entrepreneurial profit of $40,000. E) Both A and D above are correct.
Mayora is a retail clothing chain selling Pollo and other quality brand clothing. Mayora has very high prices, usually 30% over suggested retail price. Pollo tells Mayora it is fed up with this high pricing. Pollo tells Mayora to stop selling its products above list price or it will cut off sales to Mayora. Is this a possible violation of the antitrust laws?
a. no; such actions are specifically prohibited under the Robinson-Patman Act b. yes; such actions violate the interlocking directorate section of the FTC Act c. yes; such actions are a conspiracy to fix price illegal under the Sherman Act d. yes; such actions may well be held a vertical restraints of trade e. none of the other choices
The function of the project champion is usually held by:
A) the company's CIO. B) an influential business manager in the company. C) the company's CSO. D) an outside consultant.