Calculate the percent gross profit for a company if the sales revenue generated is $200 million, and the firm sells 60 products that cost $2 million each to produce
A) 20%
B) 40%
C) 50%
D) 60%
E) 80%
B
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A company using a centralized database approach to data management might not maintain a relational table for ACCOUNTS PAYABLE. Rather, accounts payable balances at any point in time could be computed as the difference between the relations for which of the following continuous events?
a. PURCHASE_ORDERS and INVENTORY_RECEIPTS b. INVENTORY and INVENTORY_RECEIPTS c. VALID_ INVOICES and INVENTORY_RECEIPTS d. VALID_ INVOICES and CASH_DISBURSEMENTS
When calculating the confidence interval for an average, the standard deviation is used:
A) because it indicates lack of variability B) because it is the appropriate measure of variability for a metric variable C) because it is the appropriate measure of variability for a categorical variable D) because it is smaller and less expensive to calculate E) none of the above; standard deviation is not used to calculate confidence for an average
The accounts payable subsidiary ledger ________.
A) does not indicate the amount owed to each vendor B) shows only a single total for the amount owed on account C) lists vendors in alphabetical order, along with amounts paid to the vendors and the remaining amounts owed to them D) has a format that is entirely different from an accounts receivable subsidiary ledger
For controls to be effective, all operating units of an IC must provide headquarters with timely, accurate, and complete reports, including those dealing with financial, technological, market opportunity, and political and economic information.
Answer the following statement true (T) or false (F)