____________________ indicate a company's ability to meet its current debts as they come due
Fill in the blank(s) with correct word
Liquidity measures
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Which of the following outcomes is a likely benefit of information technology used for internal control?
A. Enhanced timeliness of information. B. Recording of unauthorized transactions. C. Potential loss of data. D. Processing of unusual or nonrecurring transactions.
A hair dryer has a mean time between failures of 822 hr and mean time to repair of 1 hr. In this case, the availability is ______.
A. 99.9% B. 93.6% C. 87.3% D. 98.1%
Adorn Furniture manufactures a small table and a large table. The small table sells for $900, has variable costs of $540 per table, and takes 10 direct labor hours to manufacture. The large table sells for $1500, has variable costs of $980, and takes eight direct labor hours to manufacture. Calculate the contribution margin per direct labor hour for the small table.
A) $360 per direct labor hour B) $52 per direct labor hour C) $36 per direct labor hour D) $54 per direct labor hour
Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%, salary allowances of $34,000 and $26,000 respectively, and the remainder equally. How much of the net income of $100,000 is allocated to Yolanda?
A) $49,000 B) $51,000 C) $50,000 D) $56,000