Answer the following statements true (T) or false (F)
The efficient markets hypothesis refers to the speed with which financial analysts are able to predict a firm’s cash flows.
ANSWER: F
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Which of the following is subtracted from net sales revenue to arrive at gross profit on a multi-step income statement?
A) selling expense B) cost of goods sold C) sales discounts D) all of the above
The straight-line method of amortization assumes a constant
A) interest expense. B) interest rate. C) book value. D) premium or discount balance.
What legal course of action is available to a corporation if its employees go on strike without any notice?
A) warn the employees about closing the plant if they strike B) dissolve the union in the company C) dismiss the striking employees D) solicit on behalf of a second union in the company
Which of the following is NOT a characteristic of stock-out costs?
a. They are inversely related to carrying costs. b. They can be tangible costs. c. They can be intangible costs. d. They are directly related to setup costs.