In a common-size financial statement, which of the following is given a designation of 100 percent?
A) Cost of goods sold
B) Total assets
C) Total liabilities
D) Net income
B
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An enterprise system may facilitate the AP/CD process by linking:
a. the PO and receiving report b. the PO and invoice c. the invoice and the related cash disbursements d. all of the above
A company may prefer to use residual income over return on investment for performance evaluation because ________.
A) residual income is a ratio but return on investment is an absolute figure B) residual income is more likely to lead to goal congruence than return on investment C) residual income is easier to calculate than return on investment D) residual income considers three elements but return on investment considers only two elements
Which of the following is related to performing in the management process?
A) Comparing budgets and actual departmental costs B) Preparing process cost reports C) Preparing internal management reports D) Selecting the cost systems
Plant life that is severed from the land is considered ________
A) intangible property B) immovable property C) real property D) personal property