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Oksi-84 [34.3K]
3 years ago
11

Which of the following statements is FALSE?A. Financial ratios help compare over time companies of different sizes and industrie

s, and since not all sources calculate them the same way, managers should understand how they are derived.B. Asset utilization ratios describe how efficiently, or intensively, a firm uses its assets to generate sales.C. To a firm's creditors, particularly short-term creditors such as suppliers, the higher the current ratio is, the better.D. Higher margin, turnover, leverage, and dividends all generally allow a firm to grow faster over the long run.
Business
1 answer:
dimaraw [331]3 years ago
7 0

Answer:

B. Asset utilization ratios describe how efficiently, or intensively, a firm uses its assets to generate sales

Explanation:

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The following information is provided for each division. Investment Center Net Income Average Assets Cameras and camcorders $ 6,
kotegsom [21]

Answer and Explanation:

The calculation of the residual income for each division is given below:

<u>Target Income    Cameras & Camcorders Phones & Comm Computers & Acc. </u>

Average Assets $20,600,000         $21,500,000               $16,600,000

Target Return                14%                       14%                              14%

Target Income        $2,884,000           $3,010,000                  $2,324,000

<u>Residual Income    Cameras & Camcorders Phones & Comm Computers & Acc.</u>

Net Income              $6,800,000               $3,010,000           $1,100,000

Less: Target Income  $2,884,000           $3,010,000            $2,324,000

Residual Income       $3,916,000              $0                         -$1,224,000

6 0
3 years ago
LO 1.3The Certified Management Accountant (CMA) certification:
Bezzdna [24]

Answer:

includes a two-part exam, education requirements, and a work experience requirement

Explanation:

The CMA certification requires a minimum of a bachelor's degree, at least a two year work experience and passing a two part exam with at least 50%.

CMA focuses on financial analysis, budgeting, and strategic assessment.

I hope my answer helps you.

8 0
3 years ago
Barney decides to quit his job as a corporate accountant, which pays $10 890 a month, and goes into business for himself as a ce
mash [69]

Answer:

a. Barney's monthly explicit costs: $161;

b. Barney's monthly implicit costs: $11,816;

c. Barney's monthly economic costs: $11,977

Explanation:

a.

Barney's monthly explicit costs include any costs that he actually paid extra every month as the result from running his business including: cost of office supplies + cost of electricity bill = $71 + $90 = $161

b.

Barney's monthly implicit costs include any cost that he does not actually pay extra, yet he has to sacrifice these income as the results of running his business which includes: Cost related to his salary sacrifice + Cost related to his apartment rental = 10,890 + 926 = $11,816

c. Barney's monthly economic costs = Barney's monthly explicit costs + Barney's monthly implicit costs = $11,977

7 0
2 years ago
Read 2 more answers
URGENT PLEASE HELP ILL GIVE BRAINLIEST TO FIRST ANSWER find how much you need to deposit each year to have $10,000 in 5 years at
rjkz [21]
Is the 3 % an annual rate or monthly rate? Whats the initial amount deposited?
Then I can better help answer your question.
3 0
2 years ago
Barney bought a small retail business a month ago. He plans to advertise it with the help of billboards and flyers to attract cu
disa [49]

Answer:

The answer is A. non-operating expense

Explanation:

As he operates a retail shop, such advertising is vital to attract customers to the shops and to make potential sales. We can't treat this expenses as administration or production expenses.

We consider this as non operational because advertising is not an operational part of the operations of a retail business. Moreover, we can't consider it as selling expenses because they are mostly incurred during the sales process.

6 0
3 years ago
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