(CMA adapted, Jun 90 #18) Regarding the data for Ramer and Matson Company, if a company is profitable and is effectively using leverage, which one of the following ratios is likely to be the largest?
a. return on total assets
b. return on operating assets
c. return on common equity
d. return on investment
e. none of the above
C
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The concept of reasonable assurance in the context of an entity's internal controls recognizes that:
A. the costs of some controls may be too high to implement in relation to potential benefits. B. proper internal controls guarantee that material misstatements will not occur. C. proper internal controls preclude fraud. D. auditors may fail to detect material misstatements.
On March 21, 2019, the bond accounts of Pet Supplies Sales showed the following balances.
Pet Supplies Sales retires the bonds for $66,150. Prepare the journal entry to record the retirement of the bonds. Omit explanation.
In the time-driven model of leadership, which style is appropriate for circumstances in which the decision significance is low, employees have expertise and strong teamwork skills, and leader expertise is low?
A. negotiative B. autocratic C. delegative D. consultative E. facilitative
Security measures for dynamic Web pages are different from static HTML pages because:
A) dynamic Web pages are built "on the fly." B) static Web pages contain more sensitive data. C) the connection requires full access to the database for dynamic pages. D) HTML is more complex than dynamic Web pages.