Which of the following methods of valuation was developed by the U.S. Treasury to determine a firm's intangible assets?
a. market value
b. replacement value
c. excess earnings
d. multiple of earnings
ANSWER: a
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Powerful Tools Inc., a construction equipment manufacturer, has lost some information on its financial statements. Help the firm’s financial staff to fill in the missing data using your knowledge of financial ratios.
a) Using the ratios provided, recreate the financial statements as shown using formulas.
b) Complete the financial statements by using formulas that refer to existing data to fill in the remaining cells.
How is the contribution margin calculated when utilizing variable costing?
a. Sales less variable cost of goods sold b. Sales less variable cost of goods sold, less variable selling and administrative expenses c. Sales less cost of goods sold d. Sales less variable cost of goods sold, less variable selling and administrative expenses, less fixed cost of goods sold, less fixed selling and administrative expenses
Regardless of your qualifications, a poor resume is likely to deny you a chance for a job
Indicate whether the statement is true or false.
The use of dams in rivers to control water flow is a simple example of ______.
a. water control b. input-output control c. process control d. capacity control