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- Which of the following statements BEST describes the purpose of a Deability income policy? A It is used to pay for hospital, medical, and surgical expenses if a senous disability occurs. It is designed to supplement Medicare Part A benefits It is used to pay for an insured's normal living expenses if the insured becomes disabled It is designed to supplement Workers' Compensation benefits B D.20_______ A balanced scorecard for measuring company performance a . entails putting equal emphasis on financial and strategic objectives. b . entails putting balanced emphasis on profit and non-profit objectives. c . prevents the drive for achieving financial objectives from overwhelming the pursuit of strategic objectives. d . prevents the drive for achieving strategic objectives from overwhelming the pursuit of financial objectives. e entails creating a set of objectives that is "balanced" in the sense of including both financial and strategic objectives.Which of the following control procedures will NOT help prevent payroll fraud? a. Payroll checks are pre-numbered and issued in numerical sequence. b. The payroll accounting function is independent of the general ledger function. c. Those who prepare the payroll review and sign all payroll checks d. Personnel records are maintained independently of payroll and timekeeping functions.
- The most accurate method for allocating service department costs is the a. direct method. b. none of the above. c. algebraic method. d. step method.Which of the following analyses would be best to use to detect very large skimming schemes? a. Vertical analysis b. Diagonal analysis c. Ratio analysis d. Horizontal analysisThe second factor influencing investment planning decisions is__O. a.Managing the client's goals for investments O. b.Managing the client's expectations O. c.Matching the portfolio to the client's goals O. d.Developing realistic assumptions
- 62) Which of the following is an advantage of having a revenue management strategy? Project management becomes more efficient. A. The company is able to use up its assets effectively B. It is easier to predict customer behavior. C. It is a useful accounting information system. D. All of the abovePlease answer A-C with the most true answer. A. Which of the following is most closely associated with return on assets? a. The cost of equity b. The proportion of debt and equity in the company’s capital structure c. The prime lending rate d. The average operating assets of the company B. Which of the following is most closely associated with expenses? a. Product (value propositions) design(s) b. Average operating assets c. Proportion of debt and equity in the company’s capital structure d. Equity risk premium C. Which of the following is most closely associated with the cost of debt? a. Non-operating expenses b. Risks specific to the company c. The long-term bond yield d. Prime lending rateWhat is the difference between cost of production reports with and without beginning work in process inventory? Reports with beginning Work in Process require all quantities and costs to be reported to present accurate per unit costs Reports with beginning Work In Process will ignore associated costs and units Beginning Work in Process totals are only accounted for in Quantity Schedule Unit costs will ignore any beginning Work in Process costs
- 10 Examine the following options which explain the objective of financial statements? a. They assist stakeholders to know operating performance, financial position, and cash flows of the entity b. They are useful in fixation of the price of the products c. They are prepared by using different methods for ascertainment of cost. d. They are prepared by using different techniques for control of cost. Clear my choice ◀︎ AnnouncementsWhich of the following best describes the difference between financial accounting and tax accounting? Financial accounting is what managers use for internal, decision making purposes while tax accounting is used for creditors, investors, and the general public. They are both used for income tax reporting purposes, and they are both required by the SEC to be issued and made public so that they can be used by creditors, investors, and the general public Financial accounting is used for income tax reporting purposes and tax accounting is used by managers for internal, decision making purposes. Financial accounting is used by creditors, investors, and the general public, while tax accounting is used for income tax reporting purposes None of these answers is correctKPIS are O a. qualitative measurements that are established by the government. O b. quantitative measurements that measure the profitability of a social media plan. C. measurements submitted online to vendors and customers for analysis. O d. the industry benchmarks that are accepted by companies in a specific industry. O e. quantitative measurements that define and measure the progress toward achieving an organization's objectives.