Which of the following is a theoretical measure of a firm's strength? 1. ROA...
Which of the following is a theoretical measure of a firm's strength? 1.ROA 2.ROE 3.Current Ratio 4.Quick Ratio Answer ROE
View ArticleClik here to view.
Buffo Company fabricates metal folding chairs. Data concerning the company's...
Buffo Company fabricates metal folding chairs. Data concerning the company's revenue and cost structure follow: Selling price per unit$35 Manufacturing cost$4,100 per month plus $15 per unit...
View ArticleWhich of the following is NOT a real asset? 1. Car 2. House 3. Land 4. Stocks...
Which of the following is NOT a real asset? 1.Car 2.House 3.Land 4.Stocks 5.Table Answer Stocks
View ArticleA company's current ratio should always be above: 1. .5 2. .75 3. .9 4. 1 5....
A company's current ratio should always be above: 1..5 2..75 3..9 4.1 5.1.5 Answer 4. 1
View ArticleAn individual buying a financial security would be an 1. production 2....
An individual buying a financial security would be an 1.production 2.consumption 3.in financial market 4.divested Answer3.in financial market
View ArticleWhat percentage of your credit score is made up from your employment status?...
What percentage of your credit score is made up from your employment status? 2.5 3.10 4.30 5.50 Answer If you have this MCQ then post in the comments, I I will guide you in it.1.
View ArticleWhich form of a corporation is not subjected to double taxation? 1. LLC 2. S...
Which form of a corporation is not subjected to double taxation? 1.LLC 2.S Corp 3.C Corp 4.Both A and B 5.All the above Answer4.Both A and B
View ArticleThe goal of the firm is to maximize 1. earnings 2. taxable income 3....
The goal of the firm is to maximize 1.earnings 2.taxable income 3.shareholder wealth 4.cash flows Answer3.shareholder wealth
View ArticleThe U.S. has a ___tax system. 1. fair 2. flat 3. progressive 4. demonstrative
The U.S. has a ___tax system. 1.fair 2.flat 3.progressive 4.demonstrative Answer3.progressive
View ArticleIn order to maximize your credit score, you must have exactly ____ major...
In order to maximize your credit score, you must have exactly ____ major credit cards. 1. 2.1 3.2 4.3 5.4 Answer3.2
View ArticlePartnership accounting: Is the same as accounting for a sole proprietorship....
Partnership accounting:Is the same as accounting for a sole proprietorship.Is the same as accounting for an S corporation.Is the same as accounting for a sole proprietorship, except that separate...
View ArticlePartners' withdrawals of assets are: Credited to their withdrawals accounts....
Partners' withdrawals of assets are:Credited to their withdrawals accounts.Credited to their retained earnings.Debited to their asset accounts.Debited to their retained earnings.Debited to their...
View ArticleA partner can withdraw from a partnership by: Selling his/her interest to...
A partner can withdraw from a partnership by:Selling his/her interest to another person for cash.Selling his/her interest to another person in exchange for assets.All of these.Receiving assets from the...
View ArticleA bonus may be paid: All of these. By a new partner when the current value of...
A bonus may be paid:All of these.By a new partner when the current value of a partnership is greater than the recorded amounts of equity.By a withdrawing partner to remaining partners if the recorded...
View ArticleWhen a partnership is liquidated: Any remaining cash is distributed to the...
When a partnership is liquidated:Any remaining cash is distributed to the partners based on their capital balances.Noncash assets are converted to cash.Any gain or loss on liquidation is allocated to...
View ArticleA capital deficiency means that: The partnership has been sold at a loss. At...
A capital deficiency means that:The partnership has been sold at a loss.At least one partner has a debit balance in his/her capital account.The partnership has a loss.At least one partner has a credit...
View ArticleThe costs of direct materials are classified as: Conversion cost...
The costs of direct materials are classified as: Conversion cost Manufacturing cost Prime cost A) Yes Yes Yes B) No...
View ArticleThe following costs were incurred in August: Direct material …………$20,000...
The following costs were incurred in August: Direct material …………$20,000 Direct labor ……………18,000 Manufacturing overhead ………….21,000 Selling expenses……………………16,000 Administrative expenses…………….21,000...
View ArticleA partial listing of costs incurred at Peggs Corporation during September...
A partial listing of costs incurred at Peggs Corporation during September appears below: Direct materials …………………………………………………$199,000 Utilities, factory ………………………………………………...11,0000 Administrative...
View ArticleActon Company has two products: A and B. The annual production and sales of...
Acton Company has two products: A and B. The annual production and sales of Product A is 830 units and of Product B is 530 units. The company has traditionally used direct labor-hours as the basis for...
View Article