Homework Answers
Option C is the right answer.
Operating expense percentage ratio is calculated by dividing operating expenses by effective gross income.
Hence lower the better.
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Which statement about the operating expense percentage ratio is correct? r ne a. As this ratio...
Gross margin ratio Nel n Which of the following is the most accurate statement concerning an...
Gross margin ratio
Nel n Which of the following is the most accurate statement concerning an increas a . As this ratio improves, cash flow weakens and financial risk increases. b. As this rabo improves, cash flow weakens and financial risk declines c. As this ratio improves, cash flow strengthens and financial risk increases d. As this ratio improves, cash flow strengthens and financia declines.
QUESTION 12 1. From among the following choices, identify those which are correct about operating expense...
QUESTION 12 1. From among the following choices, identify those which are correct about operating expense percentage 1. It is a financial indicator over which management can exert significant control over the longer term. II. As management's control over operating expenses improves, business's operating expense percentage declines and cash flow improves. III. It is a financial indicator that is unaffected by changes in the competitive environment 1. It is a risk (cash) driver over which management typically has little innuence....
From among the following choices, identify those which are correct about operating espense perve L.It is...
From among the following choices, identify those which are correct about operating espense perve L.It is a financial indicator over which management can evert significant control over the longer tm IL As management's control over operating expenses improves, business's operating expense percentage declines and cash flow improves. III. It is a finaricial indicator that is unaffected by changes in the competitive environment IV. It is a risk (cash) driver over which management typically has little influence a. I and II...
What is the correct calculation for the operating expense percentage ratio a. Cost of Goods Sold...
What is the correct calculation for the operating expense percentage ratio a. Cost of Goods Sold / Gross Sales b. Cost of Goods Sold / Net Sales. c. Total Selling, General and Administrative Expenses Gross Sales. d. Total Selling, General and Administrative Expenses Ner Sales
QUESTION 16 A company has high operating leverage when: A small percentage changes in revenue produce...
QUESTION 16 A company has high operating leverage when: A small percentage changes in revenue produce large percentage changes in profit. OB. a company utilizes debt to finance its assets. OC. the organization makes purchases on credit instead of paying cash. O D.management buys enough of the company's shares of stock to take control of the corporation. QUESTION 17 Select the incorrect statement regarding upstream and downstream costs. OA. Upstream and downstream costs are reported as product costs on the...
Which of the following would NOT be reported in the operating activities section of a statement...
Which of the following would NOT be reported in the operating activities section of a statement of cash flows using the direct method? O A. interest received on notes receivable OB. cash paid for income taxes OC. payments to suppliers OD. loss on sale of equipment
Which of the following is not a subtotal on the multi-step income statement? O A. gross...
Which of the following is not a subtotal on the multi-step income statement? O A. gross profit OB. income from continuing operations before tax OC. operating income OD. interest expense Hitchcock Enterprises sold a vacant plot of land for $20,000. The company had paid $4,000 for the land ten years ago. On the statement of cash flows, this transaction would be reported as a O A. financing cash inflow of $20,000 B. investing cash inflow of $16,000 O C. investing...
Prepaid expense would appear on which financial statement? O A. Income Statement O B. Balance Sheet...
Prepaid expense would appear on which financial statement? O A. Income Statement O B. Balance Sheet OC. Owner's Equity Statement OD. None of the above answers are correct. Click to select your answer. What is X-cel Company's net income or net loss if it had Revenue of $1,800, Salary Expense of $400, Utility Expense of $350, and Withdrawals of $5,000 during October? O A. $3,950 net loss O B. $3,950 net income OC. $1,050 net loss OD. $1,050 net income...
(1 point) Negate the following statement: ((p q) v r) +8 Choose the correct statement: OA....
(1 point) Negate the following statement: ((p q) v r) +8 Choose the correct statement: OA. ((~ PV ~9)A ~r) Vs OB. ((~p~9) V~r) Vs OC.((p ^ q) Vr)^~ OD. ((p Vq) Ar)^~8
Which statement about EOQ is false? O EOQ will increase as annual demand (A) increases. EOQ decreases as inventory ca...
Which statement about EOQ is false? O EOQ will increase as annual demand (A) increases. EOQ decreases as inventory carrying costs decrease. O EOQ Yncreases as item unit cost (c) decreases. EOQ attempts to minimize the total cost of carrying and ordering inventory. All are steps to improve the performance of an operation EXCEPT: A) Subordinate everything to the constraint. OB) Once the constraint is no longer a constraint, your work is done. OC ) Elevate the constraint . OD...
Gross margin ratio
Nel n Which of the following is the most accurate statement concerning an increas a . As this ratio improves, cash flow weakens and financial risk increases. b. As this rabo improves, cash flow weakens and financial risk declines c. As this ratio improves, cash flow strengthens and financial risk increases d. As this ratio improves, cash flow strengthens and financia declines.
QUESTION 12 1. From among the following choices, identify those which are correct about operating expense percentage 1. It is a financial indicator over which management can exert significant control over the longer term. II. As management's control over operating expenses improves, business's operating expense percentage declines and cash flow improves. III. It is a financial indicator that is unaffected by changes in the competitive environment 1. It is a risk (cash) driver over which management typically has little innuence....
From among the following choices, identify those which are correct about operating espense perve L.It is a financial indicator over which management can evert significant control over the longer tm IL As management's control over operating expenses improves, business's operating expense percentage declines and cash flow improves. III. It is a finaricial indicator that is unaffected by changes in the competitive environment IV. It is a risk (cash) driver over which management typically has little influence a. I and II...
What is the correct calculation for the operating expense percentage ratio a. Cost of Goods Sold / Gross Sales b. Cost of Goods Sold / Net Sales. c. Total Selling, General and Administrative Expenses Gross Sales. d. Total Selling, General and Administrative Expenses Ner Sales
QUESTION 16 A company has high operating leverage when: A small percentage changes in revenue produce large percentage changes in profit. OB. a company utilizes debt to finance its assets. OC. the organization makes purchases on credit instead of paying cash. O D.management buys enough of the company's shares of stock to take control of the corporation. QUESTION 17 Select the incorrect statement regarding upstream and downstream costs. OA. Upstream and downstream costs are reported as product costs on the...
Which of the following would NOT be reported in the operating activities section of a statement of cash flows using the direct method? O A. interest received on notes receivable OB. cash paid for income taxes OC. payments to suppliers OD. loss on sale of equipment
Which of the following is not a subtotal on the multi-step income statement? O A. gross profit OB. income from continuing operations before tax OC. operating income OD. interest expense Hitchcock Enterprises sold a vacant plot of land for $20,000. The company had paid $4,000 for the land ten years ago. On the statement of cash flows, this transaction would be reported as a O A. financing cash inflow of $20,000 B. investing cash inflow of $16,000 O C. investing...
Prepaid expense would appear on which financial statement? O A. Income Statement O B. Balance Sheet OC. Owner's Equity Statement OD. None of the above answers are correct. Click to select your answer. What is X-cel Company's net income or net loss if it had Revenue of $1,800, Salary Expense of $400, Utility Expense of $350, and Withdrawals of $5,000 during October? O A. $3,950 net loss O B. $3,950 net income OC. $1,050 net loss OD. $1,050 net income...
(1 point) Negate the following statement: ((p q) v r) +8 Choose the correct statement: OA. ((~ PV ~9)A ~r) Vs OB. ((~p~9) V~r) Vs OC.((p ^ q) Vr)^~ OD. ((p Vq) Ar)^~8
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