In regards to benchmarking, which of the following statements is incorrect?
A) Benchmarking is the practice of comparing a company with other leading companies.
B) The industry average is not a useful benchmark for evaluating a company.
C) Providing common-size percentages in a graphical manner highlights differences.
D) The two main types of benchmarks in financial statement analysis include benchmarking against the industry average and benchmarking against a key competitor.
B
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For an integrated audit, the auditor's opinion about internal control effectiveness is based on control effectiveness at year-end as opposed to throughout the year
a. True b. False Indicate whether the statement is true or false
______ is simply the existence of differences—in human resource management, it deals with different types of people in an organization.
A. Affirmative action B. Innovation C. Diversity D. Creativity
Scott Enterprises is considering a project that has the following cash flow and cost of capital (r) data. What is the project's NPV? Note that if a project's expected NPV is negative, it should be rejected. r:11.00% Year0 1 2 3 4 Cash flows?$1,000 $350 $350 $350 $350
A. $77.49 B. $81.56 C. $85.86 D. $90.15 E. $94.66
The Tolar Corporation has 400 obsolete desk calculators that are carried in inventory at a total cost of $26,800. If these calculators are upgraded at a total cost of $10,000, they can be sold for a total of $30,000. As an alternative, the calculators can be sold in their present condition for $11,200.Assume that Tolar decides to upgrade the calculators. At what selling price per unit would the company be as well off as if it just sold the calculators in their present condition?
A. $30 per calculator B. $8 per calculator C. $53 per calculator D. $67 per calculator