The cash basis of accounting, as a basis for measuring performance for a particular accounting period, has/have which of the following weakness(es)?
a. does not adequately match the cost of the efforts required to generate inflows with the inflows themselves
b. separates the recognition of revenue from the process of earning those revenues.
c. sensitive to the timing of cash expenditures
d. all of the above
e. none of the above
D
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The numerator in the earnings per share calculation is
A) only the amount available to common shareholders. B) net income attributable to common shareholders. C) net income minus declared preferred stock dividends. D) All of these answer choices are correct.
The contribution margin ratio is:
A) the same as the variable cost ratio B) the same as profit C) the portion of equity contributed by the stockholders D) the same as the profit-volume ratio
An unfavorable usage variance would occur when the actual usage of inputs is greater than the standard usage
Indicate whether the statement is true or false
The goal of simulation model is to provide insight and practical recommendations.Specifically, the analysis of the results can help to:
a. Identify the best scenario among several hypothetical scenarios. b. Identify what will happen under various scenarios. c. Determine the real-world outcome of the simulated system. d. All of the above