Which one of the following statements regarding changing inventory methods is true?
a. A change in inventory methods can be justified if the change is made to better match profits with revenue.
b. One place that the reader of an annual report would be able to identify that a company changed inventory methods is the statement of stockholders' equity.
c. Changing inventory methods affects consistency.
d. Tax advantages are valid justification for changing inventory methods.
c
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Furniture is high in credence qualities
Indicate whether the statement is true or false
Which of the following statements is true regarding the growth stage of the product life cycle?
A) The growth rate and the size of the market are low. B) The market growth becomes flat. C) Usually, competition is most intense in this phase. D) The rate of growth begins to decrease in this stage.
Odessa Co. has current assets of $6.38 million and net income of $10.4 million. Current liabilities total $2.9 million, interest expense is $2.4 million, and income tax expense is $3.4 million. What is the times interest earned ratio for this company? (Round your final answer to 2 decimal places.)
A. 6.75. B. 2.20. C. 0.33. D. 0.45.
The statement, "With its 25 percent market share, this is the best-selling laser printer on the market today," is an example of a(n):
A. product advantage. B. product benefit. C. segmentation variable. D. product feature. E. market property.