Limitations of ratio analysis include all but
A) Ratios depend on accounting data based on historical costs.
B) Differences in accounting practices like FIFO versus LIFO make comparison difficult.
C) Trend analysis could be distorted by financial statements affected by inflation.
D) All of the above are limitations of ratio analysis.
Answer: D) All of the above are limitations of ratio analysis.
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Why are people concerned about the widespread employment of young women in export-manufacturing zones in the Gulf States?
a. The women are taking jobs which were previously saved for men b. The work is dirty and dangerous c. The salaries are very low and not enough to make a living d. Their culture and traditions make them malleable and easy to exploit
Markers of diversity at the cultural variation level can be difficult to observe directly. What type of variation does this level include?
a. Variations in cognitive style b. Variations variations in ethnicity c. Variations in gender d. Variations in regional differences
An antenuptial agreement:
A) Voids the prenuptial agreement. B) Is an agreement during the marriage that sets forth the distribution of property upon termination of the marriage. C) Requires a cheating spouse to give a majority of the marital property on termination of the marriage. D) This is not a real legal agreement.
Evans, Inc
had the following balances and transactions during 2017: Beginning Merchandise Inventory 10 units at $71 March 10 Sold 8 units June 10 Purchased 20 units at $81 October 30 Sold 15 units What is the amount of the company's Merchandise Inventory, as disclosed in the December 31, 2017 balance sheet, using the periodic LIFO inventory costing method? A) $405 B) $497 C) $567 D) $355