54.Percentages of a base amount rather than dollar amounts are given for the items on ____________________ statements.          55.The comparison of dollar amounts or percentages over several periods is called ____________________ analysis.          56.The yield on common stock is computed by dividing the dividend per share of common stock by the current ____________________ price of the share.          57.The rate of ____________________ on total assets measures the earnings on the assets used by a company.          58.The current ratio is a measure of _____________________; that is, the ability of a […]

    36.Net income must be adjusted for changes in ____________________ assets and liabilities, such as accounts receivable and accounts payable, when determining the net cash provided by operating activities.          37.A gain on the sale of equipment is reported in the ____________________ activities section of the statement of cash flows.          38.The purchase of treasury stock is treated as a cash outflow in the ____________________ activities section of the statement of cash flows.          39.Interest expense is treated as an outflow of cash that results from a(n) ____________________ activity.          40.The […]

  108.Explain the differences between the direct and the indirect methods of preparing the operating activities section of the statement of cash flows.          109.List some examples of transactions or activities within a company that must be disclosed in the Statement of Cash Flows.          110.The statement of cash flows is often said to complement the income statement and the balance sheet. Explain the significance of this comparison.             

    21.The cost of goods sold will often differ from the cost of goods manufactured because of changes in the level of finished goods.          22.Immediately before it is closed, the balance of the Manufacturing Summary account represents the cost of goods manufactured.          23.The balance of the Manufacturing Summary account is closed into the Income Summary account.          24.If there are no errors, the amount needed to balance the Cost of Goods Manufactured columns of a worksheet will also be the amount required to balance the Balance Sheet columns.          […]

68) Joe's Bottling Company provided the following expense information for July: Assembly-line workers' wages $ 56,000 Depreciation on factory equipment $ 35,000 Caps for bottles $ 3,000 Plastic bottles $ 52,000 Reconfiguring the assembly line $123,000 Salaries of salespeople $ 63,000 Customer support hotline $ 12,000 Salaries of research scientists $ 65,000 Delivery expenses $ 40,000 Customer toll-free order line $ 8,000 What is the total cost for the design category of the value chain? A) $244,000 B) $186,000 C) $179,000 D) $123,000 69) Joe's Bottling Company provided the following expense information for July: Assembly-line workers' wages $ 56,000 Depreciation […]