A company had a profit margin of 10.5% and total asset turnover of 1.84. Its return on total assets was:
A. 12.34%
B. 19.32%
C. 8.66%
D. 13.61%
E. 5.71%
Answer: B
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If the sum of the debits and credits in a trial balance is not equal, then
a. there is no concern because the two amounts are not meant to be equal. b. the chart of accounts also does not balance. c. it is safe to proceed with the preparation of financial statements. d. most likely an error was made in posting journal entries to the general ledger or in preparing the trial balance.
Which dimension of personality from the Big Five model focuses on being thoughtful, organized, responsible, and achievement-oriented?
A. agreeableness B. conscientiousness C. neuroticism D. extroversion
Greg owns a small business of selling athletic equipment to retailers. He spends $12,500 annually on transportation. His annual fixed cost is $19,000. His other annual expenses total $4,000. His annual sales are $130,000 and the cost of the goods he sells is $65,000. Calculate Greg's direct costs and his break-point point.
What will be an ideal response?
Which of the following is a correct statement regarding the global dimensions of U.S. antitrust laws?
A) The U.S. Department of Justice has stated that U.S. antitrust law will be applied to all business practices, even if they have no "direct or intended effect" on the foreign commerce of the United States. B) Most commentators agree that even trivial restraints on the foreign commerce of the United States are likely to be prosecuted. C) U.S. appellate courts have held that U.S. courts have jurisdiction over business conduct by a foreign corporation that is based on a decision by the corporation's government to replace a competitive economic model with a state-regulated model. D) The courts of the United States evaluate the lawfulness of acts of foreign sovereigns performed within their own territories.