Accounting Exam 1
An increase in the amount of shares of a company's common stock will affect its
Earnings per share of common stock
True or False? The lean thinking model focuses on reducing defects to as close to zero as possible.
False
True or False? The price-earnings ratio is determined by dividing the price of a product by its profit margin.
False
Which of the following persons would occupy a line position in a department store?
Sales Manager + Manager, Furniture Department B. Only I and II
If a company has a high current ratio but a low acid-test ratio, one can conclude that
The firm has a large investment in inventory
Horizontal analysis of financial statements is accomplished through
Trend Percentages
True or False? Companies that choose an operational excellence strategy are in essence saying to their customers, "Choose us because we can deliver products and services faster, more conveniently, and at a lower price than our competitors.
True