Net income plus interest expense divided by average total assets is the formula for which of these analytical measures?
a. price-earnings ratio
b. inventory turnover
c. rate earned on total assets
d. number of days' sales in inventory
c
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A business that accepts payments by credit and debit cards ________.
A) is usually unable to attract more customers B) must check each customer's credit rating C) generally receives proceeds from credit and debit card transactions 30 - 45 days after the sale D) almost always pays a fee to the processor to cover the processing costs
Grandmark Printing pays the current month's rent of $2,000 to the landlord of the building where its facilities are located. How does this transaction affect the accounting equation for Grandmark?
A. Assets would decrease $2,000 and liabilities would decrease $2,000. B. Assets would increase $2,000 and equity would increase $2,000. C. Assets would increase $2,000 and liabilities would increase $2,000. D. Assets would decrease $2,000 and equity would decrease $2,000. E. Liabilities would decrease $2,000 and equity would increase $2,000.
George, Jerry, and Harry are passengers on a flight from Chicago to New York. They injure their legs when their seatbelts do not fasten during take-off. The airline is sued by all three together for injuries caused, and the airline is found to be negligent and is directed by the court to pay damages to the injured parties. Which of the following parties is entitled to recover maximum damages?
A. George, a retired professor who gets a pension of $50,000 a year B. Jerry, a football player who earns $2 million a year C. Harry, a chartered accountant who earns $200,000 a year D. All the men recover the same amount of damages, irrespective of their income or profession.
Criticism of 3BL suggests 3BL is comparable to
A. PR rather than organizational values. B. a public confession. C. a marketing campaign rather than a product. D. a code of ethics hanging on the wall in every office: it does not lead to ethical behavior.