Which of these is an example of how finance is used throughout a firm?
A. Finance can be used for cost/benefit analysis.
B. Finance can be used to determine the accounting value of an asset being used in any department of a firm.
C. Finance can be used to determine how taxes are to be allocated to a firm's various divisions.
D. Finance can be used to determine which applicant to hire
Answer: A. Finance can be used for cost/benefit analysis.
You might also like to view...
The issue of deciding when to record a transaction is solved by
A) properly classifying the transaction. B) deciding on a point of recognition. C) assigning historical cost to the transaction. D) analyzing the intent of management.
The standard of conduct which is the basis for the law of negligence is usually determined by a cost-benefit or risk-benefit analysis
a. True b. False Indicate whether the statement is true or false
As long as a firm does not pay out 100% of its earnings, the firm's annual profit that is retained in the business (i.e., the addition to retained earnings) is another source of funds for a firm's expansion.
Answer the following statement true (T) or false (F)
Manufacturing firms maintain bill of materials (BOM) files, which are simply a sequencing of everything that goes into a final product.
Answer the following statement true (T) or false (F)