To generate 100 random numbers in an Excel simulation, the "=RAND()" function is first typed into the A1 cell on an Excel spreadsheet. A1 can then be copied and pasted in a rectangular area on the spreadsheet to cover the cells:
A) A1:E5.
B) A1:H12.
C) A1:J10.
D) A1:E22.
C
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Which of the following profitability ratios is most useful in indicating the "quality" of a company's earnings?
a. Price/earnings ratio b. Gross profit ratio c. Dividend payout ratio d. Dividend yield ratio
Slate is planning to increase the sales price to $820. What impact will the increase in sales price have on the breakeven point in units? (Round your answer up to the nearest whole guitar.)
Slate was a professional classical guitar player until a motorcycle accident at left him disabled. After
long months of therapy, he hired an experienced luthier and started a small shop to make and sell
Spanish guitars. The guitars sell for $700 each, and the fixed monthly operating costs are as follows:
Slate's accountant told him about contribution margin ratios, and Slate understood clearly that for every
dollar of sales, $0.60 went to cover his fixed costs, and anything above that point was profit.
A) It will stay the same.
B) It will go down from 12 to 8 units.
C) It will go up from 8 to 12 units.
D) It will go down from 10 to 8 units.
In a job-order costing system, the dollar amount of the entry that debits Finished Goods Inventory and credits Work in Process Inventory is the sum of the costs charged to all jobs
a. started in process during the period. b. in process during the period. c. completed and sold during the period. d. completed during the period.
A good example of a company that violated the use of off-balance sheet arrangements is ______________.
a. ExxonMobil b. Enron c. Microsoft d. Google