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1. Internal reports that review the actual impact of decisions are prepared by:
2. Horizontal analysis is also known as:
3. Which of the following is an advantage of corporations relative to partnerships and sole proprietorships?
4. Serox stock was selling for $20 two years ago. The stock sold for $25 one year ago, and it is currently selling for $28. Serox pays a $1.10 dividend per year. What was the rate of return for owning Serox in the most recent year? (Round to the nearest percent.)
5. External financing needed: Jockey Company has total assets worth $4,417,665. At year-end it will have net income of $2,771,342 and pay out 60 percent as dividends. If the firm wants no external financing, what is the growth rate it can support?
6. An unrealistic budget is more likely to result when it:
7. Which of the following financial statements is concerned with the company at a point in time?
8. Next year Jenkins Traders will pay a dividend of $3.00. It expects to increase its dividend by $0.25 in each of the following three years. If their
9. An activity that has a direct cause-effect relationship with the resources consumed is a(n):
10. The major element in budgetary control is:
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