• Formulation of Cement Products
    financial statement? Balance sheet 4. Sales - Cost of Goods Sold = Gross profit Work-out - Point allocations are indicated on each question. Problem 1: Use the following list of accounts to identify the accounts that would be used in the journal entry for each transaction...
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  • stuff
    deterrent, differentiation C) Low cost leadership, differentiation D) Differentiation, monopolistic E) Monopolistic simulation, differentiation Points Earned: 1.0/1.0 Correct Answer(s): C 41. Which of the following statements about the business cycle is false? A) Toward the end of a...
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  • Batman
    policy that is guaranteed renewable and convertible. Which of the following statements about Tom's policy is correct? | | a) | At the end of the 10 year term, Tom can choose to renew the policy for another 10 year period at the same premium rate. | b) | At the end of the 10 year term, Tom can...
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  • Auditing
    available for shareholders in the shape of dividend. “Dividend can be paid only out of profits” Explain this statement and also discuss your role as a Finance Manager in the matters of dividend policy. Dividend decision is highly important for a firm.  It is required to plan to maximize the...
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  • Acca
    | | |10 |Which of the following statements about the treatment of inventory and work in progress in financial statement are correct? | | |1 |Inventory should be valued at the lowest of cost, net realisable value and...
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  • ratio analysis
    equity. D. Decreases total equity. 15. Book value per common share represents the amount of equity assigned to each outstanding share of common stock. Which one of the following statements about book value per common share is true? A. Market price per common share usually approximates book...
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  • Accounting
    | | | | | |Which of the following statements is correct in relation to disclosure documents? | | |[pic...
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  • corporate finance
    receivable turnover rate D. increasing the accounts payable period E. increasing the accounts receivable period   38. Which one of the following statements is correct about a firm with seasonal sales?    A. A firm with a flexible financing policy secures sufficient long-term financing to fund...
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  • financial management
    leads to a reduction in a company's WACC. __d__ 36. Which of the following statements is CORRECT? a. In the WACC calculation, we must adjust the cost of preferred stock (the market yield) to reflect the fact that 70% of the dividends received by corporate investors are excluded from their...
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  • Accounting Exam Paper
    information. (1 mark) PART B (6 marks) In the preparation of the financial statements for Uptown Limited a number of policy decisions about disclosure of information were made. (1) Identify the accounting concept on which each of the following d ecisions was based. Policy Decision Made (i) (ii...
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  • Qat1
    entity 9. Which statement is true about the tax treatment of a trust? Choose 1 answer A. Trusts are allowed a personal exemption in computing the fiduciary tax liability. B. The alternative minimum tax (AMT) may apply to a trust only in the first tax year. C. Unlike other taxpayers...
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  • accounting
    statements are prepared 244. Why do we need the closing process: 1. Revenue, expense and dividend accounts are temporary accounts. They measure amounts for a period of time and then need to start at zero for the next period. 2. Retained Earnings needs to be updated to its correct ending balance...
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  • Fin623
    policy c) Trade Policy d) Economic Policy Which of the following is the main tool of Fiscal Policy? Select correct option: a) Taxes b) Deficit Financing c) Subsidies d) Transfer Payments In a tax _____ you give information about what you earn every year. Select correct...
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  • Fin 534 Chapter 12 Answers
    . SEBASTIEN NDIKUM FIN534 HOME WORK 12 1. Which of the following statements is CORRECT? a. Perhaps the most important step when developing forecasted financial statements is to determine the breakdown of common equity between common stock and retained earnings. b. The first, and...
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  • The Cost of Capital
    stockholders want $50,000 of those earnings paid as dividends, then retained earnings will have two breakpoints. d. Answers a and b are both correct. e. All of the above are false. 24. Which of the following statements is correct? a. Suppose a firm is losing money and thus, is not paying taxes, and...
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  • Chapter 16 Mc
    those who do not. It is difficult to see how this could be beneficial to the firm, however. 12. a. This statement implicitly equates the cost of equity capital with the stock’s dividend yield. If this were true, companies that pay no dividend would have a zero cost of equity capital, which is...
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  • Accounting Ratios 5
    to understand, they suffer from serious limitations. 1. Limitations of financial statements: Ratios are based only on the information which has been recorded in the financial statements. Financial statements themselves are subject to several limitations. Thus ratios derived, there from, are also...
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  • Estate Finance
    beneficiary, Celeste, which of the following statements is correct? a. After the date of the gift, any dividends paid on the life insurance policy will be taxable to Gayle. b. Celeste can amend the beneficiary designation of the life insurance policy to include her son, Matt, as a co-beneficiary...
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  • Ic33
    following statements is correct? a In group insurance, a single policy is issued covering many persons b A master policy covers servants of a master c Both the statements above are correct d Both the statements above are wrong 11 Which one of the following statements is correct? a In a limited...
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  • Finance Unit 6 discussion
    : 5. Question: If a bank loan officer were considering a company's request for a loan, which of the following statements would you consider to be CORRECT?   Your Answer:          The lower the company's TIE ratio, other things held constant, the lower the interest rate the bank would charge...
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