A "fan" shape in a scatterplot indicates:
a. unequal variance
b. a nonlinear relationship
c. the absence of outliers
d. sampling error
a
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Companies value-to-book and market-to-book ratios may differ due to accounting reasons. An example of an accounting reason that would create a difference is
a. accelerated methods of depreciation. b. investments in successful research and development programs that are expensed according to conservative accounting principles. c. using LIFO versus FIFO for inventory. d. high operating leverage.
Which of the following accounting conventions few problems in interpreting financial statements due to the latitude companies have in their choice of accounting methods?
a. Full disclosure and materiality b. Full disclosure and consistency c. Materiality and conservatism d. Conservatism and consistency.
Danielle, Malik, and Ricardo were discussing their managers' decision-making styles. Danielle said, "My boss is very autocratic. She makes all the decisions, and I'm a bit scared of her. Our financial performance is fine but could be better." Malik stated, "My boss is the opposite; she is always democratic. She always involves all of us in discussion and decision making, and morale is good. But I think our financial performance should be better." Ricardo concluded, "My boss takes a very laissez-faire approach. He makes no decisions. In our business unit,
A. behaviors are not appropriate, but financial performance is good." B. morale and attitudes are poor, and financial performance is poor." C. morale and attitudes are poor, but financial performance is good." D. morale and attitudes are good, but financial performance is poor ." E. behaviors are appropriate, and financial performance is good."
A company established a petty cash fund in April of the current year and experienced the following transactions affecting the fund during April. Prepare journal entries to establish the fund on April 1, to replenish it on April 25, and to record the increase in the fund on April 25.April 1Prepared a company check for $300.00 to establish the petty cash fund.25Prepared a company check to replenish the fund for the following expenditures made since April 1.? Paid $84.50 for cleaning services.? Paid $84.00 for postage expense.? Paid $103.15 for office supplies.? Counted $23.35 remaining in the petty cash box.25The company decides to increase the fund by $100.
What will be an ideal response?