25 analyzing a companys technological capabilities

Info icon This preview shows pages 438–441. Sign up to view the full content.

View Full Document Right Arrow Icon
25. Analyzing a company's technological capabilities, employee skills, and sales team performance will provide a. external factors that identify the company's strengths and threats. b. internal factors that identify the company's strengths and opportunities. c. external factors that identify the company's strengths and weaknesses. d. internal factors that identify the company's strengths and weaknesses. 26. According to U.S. GAAP, where on the income statement should a multinational company report the loss from the disposal sale of a major operating unit?
Image of page 438

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
439 a. Report the loss, pretax, in a separate section between income from continuing operations and net income. b. Report the loss, net of tax, in a separate section between income from continuing operations and net income. c. Report the loss, pretax, in a separate section between income from operations and income before income tax. d. Report the loss, net of tax, in a separate section between income before tax and net income. 27. Which one of the following describes what an organization wants to accomplish and leads to the formulation of long-term business objectives? a. Values. b. Strategy. c. Competency. d. Mission Statement. 28. Using management by exception allows managers to focus their attention on a. areas that have deviated most from expectations. b. non-administrative costs and revenues. c. unfavorable variances. d. variable costs and revenues. 29. Which one of the following is in a company’s cash budget? a. Depreciation of plant equipment. b. Amortization of patent costs. c. Conversion of debt for equity. d. Disposal of land.
Image of page 439
440 30. A company uses regression analysis in which monthly advertising expenses are used to predict monthly product sales, both in millions of dollars. The results show a regression coefficient for the independent variable equal to 0.8. This coefficient value indicates that a. on average, every additional dollar of advertising results in $0.8 of additional sales. b. advertising is not a good predictor of sales because the coefficient is so small. c. when monthly advertising is at its average level, product sales will be $800,000. d. the average monthly advertising expenditure in the sample is $800,000. 31. A company has designed its accounting system to have an automated reconciliation between its payroll and general ledger systems. Which type of control has the company implemented? a. Output control. b. Input control. c. Processing control. d. Transaction control. 32. The accounting controls surrounding the revenue cycle should provide assurances of all of the following except the a. accurate recording, shipping, and billing of all valid sales transactions. b. approval of all credit sales transactions after they are processed. c. proper authorization of all sales return and allowance transactions.
Image of page 440

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 441
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern