Which of the following would be the best measure of performance for a profit center?
A) Residual income
B) Return on investment (ROI)
C) Segment margin
D) Economic value added (EVA)
C
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Authorization for a cash disbursement occurs in the cash disbursement department upon receipt of the supplier's invoice
Indicate whether the statement is true or false
Which of the following marketing applications is not an example of trace analysis?
A) A sample of 100 magazines were examined to determine how the portrayal of women in U.S. magazine advertisements has changed over the past 10 years. B) The selective erosion of tiles in a museum indexed by the replacement rate was used to determine the relative popularity of exhibits. C) The age and condition of cars in a parking lot were used to assess the affluence of customers. D) The magazines people donated to charity were used to determine people's favorite magazines.
The consolidation procedure for foreign subsidiaries is the same as the one for domestic subsidiaries except that the financial statements of the foreign subsidiary must be restated in:
a. the functional currency. b. the exchange currency. c. the reporting currency. d. none of these.
Depreciation does not measure the decline in market value of an asset each period.
Answer the following statement true (T) or false (F)