Which of the following is an expanded form of calculating return on investment?
A) Profit margin ratio × Asset turnover ratio
B) Net profit ratio × Inventory turnover ratio
C) Gross profit ratio × EVA
D) Asset turnover ratio × Inventory turnover ratio
A) Profit margin ratio × Asset turnover ratio
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At a local retail store, Randi saw a bag of daffodil flower bulbs and a box of plant fertilizer. The items, which were sold together, retailed at $28.50 but were marked down to $19.99. The $19.99 is the:
a. revenue. b. price. c. profit. d. liquidity value.
Which of the following is a prime cost and a conversion cost?
A) manufacturing overhead B) direct materials C) direct labor D) selling expenses
The payment of Allen Janitorial Service's debt to Business Finance, Inc, is guaranteed by Allen's personal property. Business Finance is A) a debtor
B) a secured creditor. C) a security interest. D) a secured party.
When personal property is used as collateral to back up a loan, the note created is a:
a. balloon note b. fixed note c. collateral note d. property note e. personal note