verified answers already passed
2025/2026
According to cope, managements general objective is to: - ANS ✔✔Balance the five drivers
The phrase bottom line means - ANS ✔✔Net Income
What tells you about a firms liquidity? - ANS ✔✔Amount of cash a firm has
What is not a category of cash flow listed on the cash flow statement - ANS ✔✔Cash from
profitable activity
What does christian say about avoiding marginal cost mistake: - ANS ✔✔never think small
wrongs are okay
Company leaders find this important measure to be the most important indicator of financial
strength - ANS ✔✔the level of cash from generated from operations
When we calculate margins which line on the income statement will be the denominator - ANS
✔✔line 1- total revenues
Which line calculates EPS - ANS ✔✔line 6
When a firm grows by mergers or aquisitions - ANS ✔✔inorganic growth
, Which statement is true - ANS ✔✔line 14 must always equal line 9
For firm b which of the following numbers is most concerning - ANS ✔✔line 11
What're the fundamentals of the accounting process - ANS ✔✔the accounting equation and the
double entry bookkeeping system
Vikram patel is an accountant who is employed by a large department store chain in the tax
department he is a - ANS ✔✔private accountant
Which of the following is true about businesses and profits - ANS ✔✔earning profit contributes
to society by providing employment
Which of the following is true of people involved in business - ANS ✔✔primary responsibility of
the owner to provide financial resources for the operating of a business
What is the study of how resources are distributed for the production of goods and resources in
a social system - ANS ✔✔economics
What is a lesson learned from the economic scandals of the 21st century - ANS ✔✔ethical
conduct and corporate social responsibility are linked to increase profit
In a capitalist economic system - ANS ✔✔price of goods and services are decided by supply and
demand
Act criminalized securities fraud and toughened penalties on corporate fraud - ANS
✔✔Sarbanes Oxley