The accounting equation is:

a. owners’ equity + assets = liabilities
b. assets = owners’ equity – liabilities
c. liabilities + assets = owners’ equity
d. owners’ equity – assets = liabilities
e. assets = liabilities + owners’ equity


e. assets = liabilities + owners’ equity

Business

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________ refers to the social traits that are shared by a human population.

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Express the following income statement information in common-size percentages and in trend percentages using Year 1 as the base year. ???Common-SizePercentagesTrendPercentages?Year 2Year 1Year 2Year 1Year 2Year 1Sales$540,000$460,000________________Cost of goods sold.  290,000  240,000________________Gross profit$250,000$220,000 ________________???????

What will be an ideal response?

Business

Which of the following is a permanent member of the Security Council?

A. the United States B. India C. Brazil D. Germany

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When preparing the report to analyze a proposed quality improvement program, which of the following are included in the costs to continue without the quality improvement program?

A) prevention and appraisal B) prevention and internal failure C) internal and external failure D) appraisal and external failure

Business