Which of the following represents the number of sales dollars generated by each dollar invested in assets?
A) Asset turnover
B) Average assets invested
C) Profit margin
D) Operating income
A
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The set of items below was identified in preparing a bank reconciliation for Mars Corp as of August 31, 2016 . Bank statement balance $19,500 Mars's book balance (before adjustments) ? Outstanding checks 2,700 Customer's NSF checks 350 Service Charges 100 Deposits in transit 1,000 Interest earned on checking account 60 Mars Corp's balance per books before the reconciliation is
a. $17,410 b. $17,900 c. $18,190 d. $18,310
What is the meaning of the term "caveat emptor"?
A) an exemption clause in an agreement B) all of the agreement C) let the buyer beware D) let the seller beware E) negotiate all terms
Centurion Processing finishes the first unit in 120 hours and learns at a 70% rate. Their competitor, Ochenta Incorporated, completes their fist unit in 80 hours but learns at an 80% rate
If they match total output with each other how many units must each fierce rival make before Centurion's cumulative processing time is lower than Ochenta's? A) 30 units B) 33 units C) 36 units D) 39 units
When costs to purchase inventory regularly decline, which method of inventory costing will yield the lowest cost of goods sold?
A. Gross margin. B. Weighted average. C. LIFO. D. Specific identification. E. FIFO.