Which of the following is true of the financial metrics used to gauge a product's performance in the market?
A) They report important ratios for profits, costs, and assets.
B) They provide insight into how the business or product is performing in the market.
C) They include measures of marketing performance, such as customer satisfaction, retention, and loyalty.
D) They allow a company to estimate its market share and customer value.
E) They are mainly external metrics of a product's performance in a particular market.
Ans: A) They report important ratios for profits, costs, and assets.
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Why is the time period assumption required?
a. Inflation exists b. External users of financial statements want statements that accurately reflect net income or earnings for a specific time period. c. The dollar is the monetary unit in the United States. d. The federal government requires it.
Fossil fuels are full of energy stored from photosynthesis millions of years ago.
Answer the following statement true (T) or false (F)
Crusoe Waterworks Corporation provides plumbing services. Transactions of Crusoe Waterworks during the first year of operations are given below
a) Received $4,000 cash and issued common stock to Robinson b) Paid $3,000 cash for equipment to be used for plumbing repairs. c) Borrowed $27,000 from a local bank and deposited the money in the checking account. d) Paid $900 rent for the year. e) Purchased $1,000 of office supplies on account. f) Completed a plumbing repair project for a local lawyer and received $3,200 cash. Calculate the amount of total stockholders' equity after recording the transactions. Assume office supplies of $1,000 are left at the end of the year. A) $6,300 B) $3,200 C) $4,000 D) $27,000
Which of the following statements is true about a neural network?
A) It allows multiple dimensions to be added to a traditional two-dimensional table. B) It works in the background to provide some service when a specific event occurs. C) It attempts to approximate the functioning of the human brain and can learn by example. D) It uses reasoning methods based on knowledge about a specific problem domain in order to provide advice. E) It helps analyze why a key indicator is not at an appropriate level or why an exception occurred.