Corporate stock can be divided into categories called ________, which can be further divided into ________
a. authorized shares, classes
b. classes, series
c. equity, assets
d. debentures, classes
b
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All of the following statements are true regarding ratios and forecasts except:
a. Ratios cannot confirm whether forecast assumptions will turn out to be correct. b. Ratios can tell whether future sales growth was accurately captured. c. Ratios cannot tell whether assumptions about future cash flows are realistic. d. Ratios can tell whether growth rates for sales are consistent with past sales growth performance.
A central business district is characterized by a concentration of _____
a. convenience stores b. parking facilities c. suburban housing d. cultural and entertainment facilities
Janitor Supply produces an industrial cleaning powder that requires 40 grams of material at $0.10 per gram and 0.25 direct labor hours at $12.00 per hour. Overhead is applied at the rate of $18 per direct labor hour. What is the total standard cost for one unit of product that would appear on a standard cost card?
A. $7.50. B. $7.00. C. $11.50. D. $8.50. E. $25.00.
What does a partner's duty to exercise loyalty and good faith mean? A) Even a trivial breach of the partnership agreement will justify dissolution
B) The partnership contract must be observed scrupulously. C) Any personal profits earned from one's connection with the partnership belong to the firm. D) A partner must put the firm's interest above personal advantage until profits are made.