The book value of an asset is equal to the A. asset's fair value less its historical cost. B. blue book value relied on by secondary markets. C. replacement cost of the asset. D. asset's cost less accumulated depreciation.

Estimated Returns Inventory is a. an asset account reported with Inventory on the balance sheet. b. an owner's equity account increasing equity. c. a liability account with a normal credit balance. d.

The following is an extract of Aster Inc.'s balances: Items Amount ($) Opening inventory 20,000 Closing inventory 10,000 Sales 50,000 What is Aster's return-on-assets ratio? A. 2 B. 4 C. 3 D. 5

The franchisor is a/an ...

The payment of a cash dividend would be classified as a (n): a. operating activity. b. investing activity. c. financing activity. d. significant noncash activity.

A company reported monthly revenues of $ 315,000 and expenses of $ 100,000. What is the result of operations for the month? In order to calculate the operations for the month we must compute net income or net loss.

Explain what is meant by market research.

Jean, a restaurant critic, publishes a review in a national daily that the sandwiches served at his friend's deli are usually not fresh. Tom, the owner of the deli, notices a significant decrease in customers after the review gets published.

Why did the Soviet Union experience many surpluses and shortfalls? A) The labor force wasn't well educated B) The cold climate made farming hard C) Central planners could not manage every detail D) The country depended on imports to obtain resources.

A hospitality operation has sales revenue of $462,000 with variable cost averaging 44%. Fixed costs are $188,000. The owner wants a net income after tax of $50,400 based on a tax rate of 28%. a.

True or false fdr was eager to use deficit spending to end the economic crisis.