Which of the following is NOT associated with a grouping of firms in a particular location?
a. It is referred to as clustering.
b. It often occurs when there is a concentration of critical resources in a particular region.
c. Firms are located where there is a large talent pool of scientists and engineers.
d. It contributes to the notion of sustainability.
d. It contributes to the notion of sustainability.
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If a firm adheres strictly to the residual dividend policy, the issuance of new common stock would suggest that
A. the dividend payout ratio is increasing. B. no dividends were paid during the year. C. the dividend payout ratio is decreasing. D. the dollar amount of investments has decreased. E. the dividend payout ratio has remained constant.
What is similar to a desktop but has more powerful mathematical and graphics processing capabilities and can perform more complicated tasks in less time?
A. Tablet. B. PDA. C. Workstation. D. Minicomputer.
All of the following are true about a cyclical pattern except
a. It is often due to multiyear business cycles. b. It is often combined with long-term trend patterns and called trend-cycle patterns. c. It usually is easier to forecast than a seasonal pattern due to less variability. d. It is an alternating sequence of data points above and below the trend line.
Answer the following statements true (T) or false (F)
1. Counting inventory that is in transit on December 31 that was shipped from the supplier FOB shipping point would not cause any error in the final inventory valuation. 2. Inventory errors cancel out after two periods 3. Accidentally double-counting inventory would result in an overstatement of net income for that same period. 4. Ending inventory can be estimated by subtracting the estimated cost of goods available for sale from the Cost of Goods Sold. 5. The historical gross profit percentage can be used to estimate the current period's gross profit.