One reason that a common-size statement is a useful tool in financial performance evaluation is that it enables the user to
A) make better comparisons of two companies of different sizes in the same industry.
B) determine which companies in a single industry are of the same size.
C) judge the relative potential of two companies of similar size in different industries.
D) determine which companies in a single industry are of the same value.
A
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A contract whereby a borrower, who seeks to obtain money from someone, promises to compensate the lender in the future is known as
A. a warrant. B. an exchange rate. C. a derivative security. D. a financial security.
Which of the following would be an example of a cash inflow from financing activities?
a. interest paid on loans; b. the sale of equipment; c. the sale of investments in equity securities; d. the issue of bonds for cash; e. dividends received
Good customer service exceeds customers' expectations
Indicate whether the statement is true or false.
Internet forums are replacing traditional reliance on "the wisdom of the specialist" with the
A) "opinion of the opinionated." B) "guesswork of the crowd." C) "revolt of the masses." D) "politics of science." E) "knowledge of the many."