Which of the following is affected as a result of an error in performing the physical count of inventory at the end of the accounting period?
A) sales revenue
B) operating expenses
C) net income
D) net cost of purchases
C) net income
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The data processing method that can shorten the cash cycle is
a. batch, sequential file processing b. batch, direct access file processing c. real-time file processing d. none of the above
Which questions do financial ratios help you answer?
A) Do I have adequate liquidity to meet emergencies? B) Do I have the ability to meet my debt obligations? C) Am I saving as much as I think I am? D) All of the above E) A and B
In a multiple regression analysis, SSR = 1000 and SSE = 200 . The F statistic for this model is
a. 5. b. 1200. c. 800. d. Not enough information is provided to answer this question.
Firms may retain large amounts of cash to cover future potential needs that allows a firm to avoid ________
A) transaction costs and financial distress costs B) tax payments C) clientele effects D) none of the above