The purpose of establishing a desired rate of return on investment is to set a point above which the best alternative will be considered acceptable
Indicate whether the statement is true or false
True
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The transactions listed in the following questions occurred in a private, not-for-profit hospital during 20X8. For each transaction, indicate its effect on the hospital's statement of operations for the year ended December 31, 20X8.Transaction: Received tuition revenue from hospital nursing program and cash from sales of goods in the hospital gift shop.Effect on Statement of Operations:
A. The transaction is not reported on the statement of operations. B. Increases operating income. C. The transaction is reported on the statement of operations, but there is no effect on operating income. D. Decreases operating income.
Failure to record depreciation at year end will result in an
a. understatement of total liabilities. b. overstatement of total assets. c. understatement of net income. d. overstatement of total liabilities.
Which of the following statements is TRUE about North American Industrial Classification System (NAICS) codes?
A. The NAICS codes make it possible to purchase detailed information on each of the codes in the system. B. The NAICS codes apply to the major economies of the world except Mexico and Canada. C. The NAICS codes are considered to be perfect codes that adjust to a country's own unique economic structure. D. The NAICS code classifies companies on the basis of their tertiary output. E. The NAICS code defines 10 business sectors based on a four-digit hierarchical code.
People experience a life plateau when
A. they allow work or any other factor to become the most significant aspect in their lives. B. no more promotional opportunities exist. C. they become bored with their job because they know it too well. D. retirement occurs in their lives.