The computation of return on equity, or ROE, does not include retained earnings as part of
common equity because retained earnings includes all net income for the company since its
inception and analysts are trying to calculate the return for just
the current year.
Indicate whether the statement is true or false
FALSE
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People from which culture value face-saving and politeness?
A. American culture only B. Japanese culture only C. British culture only D. All cultures
Which of the following describes the limitations of vendor-managed inventory that retailers may encounter?
A. It is an added cost with little benefit for the retailer. B. Since the vendor owns the merchandise until it is sold by the retailer, at which time the retailer pays for the merchandise, a retailer bears a financial risk. C. Retail buyers and planners need to monitor inventory levels. D. When the vendor coordinates the supply chain for its specific products, it does not know what other actions the retailer is taking that might affect the sales of its products in the future. E. It takes longer for a product to go from design to ordering the product to having the product on the selling floor.
After the closing process, all income statement accounts have balances that carry forward into the next accounting period.
Answer the following statement true (T) or false (F)
Top-down budgeting, where input is gathered directly from the organization's top management, is often quite accurate
Indicate whether the statement is true or false