An accountant's primary function is ________
A) the evaluation of the financial statements
B) making decisions based on financial data
C) the collection and presentation of financial data
D) the planning of cash flows
C
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Which of the following statements is true for leverage?
A) asset turnover ratio measures financial leverage B) leverage always increases profitability C) leverage is shown in proportion of total assets relative to total equity D) the higher the debt to equity ratio, the higher the leverage
Which of the following is the best example of the intuition ethic in action?
A. Louis had a bad feeling when he entered the classroom and saw Professor Schnickelfritz for the first time. B. Louis cheated on the final exam in Professor Schnickelfritz's class because he had not studied. C. Louis decided to follow all traffic laws while driving since he did not want to get another traffic ticket. D. Louis treated everyone equally because his parents had taught him that it was the right thing to do.