A company had net cash flows from operations of $120,000, cash flows from financing of $330,000, total cash flows of $500,000, and average total assets of $2,500,000. The cash flow on total assets ratio equals:
A. 20.8%.
B. 20.0%.
C. 24.0%.
D. 4.8%.
E. 5.0%.
Answer: D
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Capitalizing an expenditure rather than recording it as a revenue expenditure
a. affects the total book value of plant assets reported on the balance sheet and the amount of net income reported during a period. b. affects the total book value of plant assets on the balance sheet, but has no effect on the amount of net income reported during an accounting period. c. affects the amount of net income reported during an accounting period, but has no effect on the total book value of plant assets on the balance sheet. d. has no effect on the book value of plant assets on the balance sheet or the amount of income reported on the income statement.
The setup of a data warehouse includes
a. modeling the data b. extracting data from operational databases c. cleansing the data d. all of the above
The production opportunities that exist in the economy represents one of the four fundamental factors that affect the:
A. creditworthiness of investors. B. cost of money. C. liquidity of securities. D. political risk that is inherent in an economy. E. maturity of an investment.
The Theory of Moral Sentiments:
a. Was written by Ayn Rand. b. Was written by Thomas Hobbes. c. Was written by Adam Smith. d. None of the above