Firm’s promise to pay and is backed or guaranteed by bank is classified as____________?
A. Customer’s acceptance
B. Banker’s acceptance
C. Federal acceptance
D. Treasury acceptance
A. Customer’s acceptance
B. Banker’s acceptance
C. Federal acceptance
D. Treasury acceptance
A. Return on turnover
B. Return on stock
C. Return on assets
D. Return on equity
A. Cost of salvage
B. Cost of interest
C. Cost of taxation
D. Cost of capital
A. 8.57 times
B. 0.0857
C. 0.11 times
D. 0.11
Who of the following make a broader use of accounting information?
A. Accountants
B. Financial Analysts
C. Auditors
D. Marketers
Financial analysts make extensive use of accounting information; they are some of the most important end users. Understanding finance helps accountants recognize what types of information are particularly valuable and, more generally, how accounting information is actually used (and abused) in practice.
A. Evaluate cash flow
B. Evaluate projects
C. Evaluate budgeting
D. Evaluate equity