Which of the following activity is not part of the compilation of prospective financial statements?
a. Assembling prospective financial statements based on the responsible party's assumptions.
b. Performing compilation procedures, including reading the prospective financial statements, along with their assumptions and accounting policies, and considering whether they appear to be presented in conformity with AICPA presentation guidelines and that they are not obviously inappropriate.
c. Issuing a compilation report.
d. Providing assurance on the prospective financial statements.
d
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Which of the following is a possible trap of a price-cutting strategy?
A) Low prices usually achieve increases in both market share and market loyalty when customers switch. B) The company might need additional business because it has excess plant capacity. C) The company can initiate price cuts to dominate the market through lower costs. D) Consumers might not demand price concessions in the future. E) Competitors that match low prices might have longer staying power because of deep cash reserves.
Earnings Per Share (EPS) can be calculated as ________
a. Market price per share of common stock / Dividends per share of common stock b. Dividends per share of common stock / Market price per share of common stock c. Stockholders' equity / Market price per share of common stock d. (Net income ? Preferred dividends) / Average number of common shares outstanding
In vertical analysis
A) a base amount is required. B) a base amount is optional. C) the same base is used across all financial statements analyzed. D) the results of the horizontal analysis are necessary inputs for performing the analysis.
The most important standardized reports produced by the HRIS are ______.
a. performance contracts for each employee b. annual summary appraisals for each employee c. aggregate performance data by unit d. performance contracts for each employee and annual summary appraisals for each employee