Which of the following is calculated by dividing net revenue by average net fixed assets?
A. Fixed asset turnover
B. Current ratio
C. Total asset turnover
D. Net profit margin
Answer: A
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Vinny, Inc has an incentive compensation plan under which the sales manager receives a bonus equal to 1 . percent of the company's income after deductions for bonus and income taxes. Income before bonus and income taxes is $400,000 . The effective income tax rate is 30 percent. How much is the bonus (rounded to the nearest dollar)?
a. $40,000 b. $30,108 c. $28,000 d. $26,168
High levels of motivation in teams are likely when
A. the team has low levels of diversity. B. team members see one another as each member sees himself or herself. C. the rewards are substantial. D. the task is challenging.
On-the-job training is best for jobs such as piloting and nursing.
Answer the following statement true (T) or false (F)
When accounting for defined benefit pensions, the net pension liability for employees of governmental activities is:
A. Reported in the government-wide statements. B. Reported in the governmental fund-basis statements. C. Both of the above. D. Neither of the above.