A ski lodge had net income of $450,200 on its February 28 income statement. The balance sheet on the same day showed equity of $2,210,600. What is the return on equity, to the nearest tenth percent?
20.4%
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Key principles involved in the accelerated learning program at General Electric include all of the following, except
A. train individuals rather than teams. B. create an action plan. C. reach consensus about barriers. D. develop a common language.
A major disadvantage of the retail method of accounting is _____
a. that it does not reflect markdowns b. that perpetual inventory systems must be maintained c. that book inventory value cannot be computed d. the requirement of a detailed bookkeeping system
Managerial Skills (Scenario)Adam, Brenda, Carl, and Dan are employees in the same organization. Adam is the shift manager, Brenda is the district manager, Carl is the regional manager and Dan is the project leader. Adam manages the employees who produce the organization's product. After noticing his excellent work, he is promoted to division manager. Carl on the other hand, after a disciplinary proceeding is assigned to the post of office manager. Ethan is the managing director of the same organization.Which of the following is true for Adam before his promotion?
A. His technical skills are of the utmost priority. B. His conceptual skills are of the utmost priority. C. He need not possess any human skills. D. He need not have any empirical skills
Which of the following best describes the profitability index?
A) an index of projects based on their net income B) the ratio of present value of net cash inflows to initial investment C) the ratio of total cash inflows to initial investment D) an array of possible investment outcomes at different discount rates