Mikon Inc. generates a net profit of $64 million from $160 million of invested capital. Calculate its return on capital
A) 4%
B) 40%
C) 16%
D) 61%
E) 24%
B
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Current liabilities are
a. due and receivable within one year b. due and to be paid out of current assets within one year c. due, but not payable for more than one year d. payable if a possible subsequent event occurs
As an incentive to work efficiently, some organizations pay production workers ________, a wage based on the amount they produce.
A. merit pay B. a sales commission C. standard hour pay D. a special bonus E. a piecework rate
International accounting standards use the term provision for those contingent items that must be recorded on the balance sheet
a. True b. False Indicate whether the statement is true or false
Although it is useful to have knowledge of current events knowledge, it is not a key technical skill
Indicate whether the statement is true or false