Which of the following yields the return on assets ratio?
a. (return on common stockholders' equity) x (asset turnover)
b. (return on sales) x (asset turnover)
c. (profit margin) x (return on sales)
d. (profit margin) x (asset turnover)
b
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National Bank has discounted a note for Clems, Inc This is a 9% note with a maturity value of $15,000 for 90 days. The debit to Discount on Notes Payable in Clems' general journal will be in the amount of
a. $15,337.50; b. $15,000.00; c. $14,662.50; d. $1,350.00; e. $337.50
Most firms prefer to prepare the statement of cash flows after they have prepared the income statement and the balance sheet. In the preparation of the T-account work sheet, an error
a. often results from the partial recording of a transaction in which debits do not equal credits. b. usually becomes evident only on completion of the work sheet. c. requires the preparer to retrace each of the entries to discover the source of the error. d. all of the above. e. none of the above
Under the ________, private citizens can sue employers on behalf of the government for fraud against the government
A) Sarbanes-Oxley Act B) Racketeer Influenced and Corrupt Organizations Act C) False Claims Act D) Whistleblower Protection Act
An emotionally intelligent leader recognizes that emotions such as optimism and pessimism are contagious in the workplace
Indicate whether the statement is true or false.