Which of the following are the components of a revenue plan?
A) return on sales, asset turnover, and return on assets
B) percent margins and profitability metrics
C) personnel and expenditures
D) market share, pricing, and revenues
E) break-even sales and shares
D
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Inherent risk associated with officer compensation is frequently set high because officers have motive and opportunity to take advantage of their high-ranking offices in the form of excessive compensation.
Answer the following statement true (T) or false (F)
The basic concept for revenue recognition is the realization of cash
a. True b. False Indicate whether the statement is true or false
Emotional intelligence can be defined as our ability to perceive and ______.
A. use emotions to facilitate thinking B. hide our emotions until we leave the workplace C. manipulate emotions of others D. seek counseling services at work
Fernwood Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:? Retained earnings balance at the beginning of the year$233,000Cash dividends declared for the year 50,000Proceeds from the sale of equipment 85,000Gain on the sale of equipment 4,500Cash dividends payable at the beginning of the year 22,000Cash dividends payable at the end of the year 30,000Net income for the year 110,000The amount of cash paid for dividends was:
A. $42,000. B. $58,000. C. $50,000. D. $60,000. E. $52,000.