Managers need to take into account a number of perspectives when assessing the "first" criteria. The ________ focuses on comparing the firms capital structure with those of industry competitors
A) competitive perspective
B) internal perspective
C) investor perspective
D) creditor perspective
A
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Use the following selected information from Wheeler, LLC to determine the 2018 and 2017 trend percentages for cost of goods sold using 2017 as the base. 20182017Net sales$276,200 $231,400 Cost of goods sold 151,900 129,590 Operating expenses 55,240 53,240 Net earnings 27,820 19,820
A. 119.4% for 2018 and 100.0% for 2017. B. 36.4% for 2018 and 41.1% for 2017. C. 65.1% for 2018 and 64.6% for 2017. D. 117.2% for 2018 and 100.0% for 2017. E. 55.0% for 2018 and 56.0% for 2017.
Payment is made for an electric bill which was received and recorded earlier. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase. b. Assets increase and stockholders' equity increases. c. Liabilities increase and stockholders' equity decreases. d. Liabilities decrease and assets decrease.
A $100 specific tariff provides home producers more protection from foreign competition when
a. the home market buys cheaper products rather than expensive products. b. it is applied to a commodity with many grade variations. c. the home demand for a good is elastic with respect to price changes. d. it is levied on manufactured goods rather than primary products.
According to the AICPA, which of the following is not a safeguard to the auditing profession?
a. Education. b. Professional standards. c. External reviews. d. Legislation concerning competency requirements.