Question and answer
A unit or department that incurs costs and generates revenues is a/an _______ center. A. expense B. direct C. cost D. profit
Question|Asked by cweasterling
Asked 7/25/2016 11:09:45 AM
Updated 7/25/2016 6:39:59 PM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
Edited by jeifunk [7/25/2016 6:39:55 PM]
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User: A unit or department that incurs costs and generates revenues is a/an _______ center. A. expense B. direct C. cost D. profit

Weegy: A unit or department that incurs costs and generates revenues is a profit center.

destle6|Points 8136|

User: Profitability ratios measure A. a company’s ability to earn profits. B. a company’s ability to meet short-term obligations. C. how well a company is using debt versus equity. D. how effectively a company is using its assets.

Weegy: Profitability ratios measure how effectively a company is using its assets.



User: A maintenance department would be an example of a A. cost center. B. direct expense. C. profit center. D. None of the above

Weegy: A maintenance department would be an example of a cost center.

destle6|Points 8136|

User: What was the percentage of decrease in the Accounts Receivable account if the receivables were $80,000 in Year 1 and $60,000 in Year 2? A. (25%) B. 33.33% C. (33.33%) D. 25%

Question|Asked by cweasterling
Asked 7/25/2016 11:09:45 AM
Updated 7/25/2016 6:39:59 PM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
Edited by jeifunk [7/25/2016 6:39:55 PM]
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Questions asked by cweasterling
________ measure how well a company is using debt versus equity position.
Question|Asked by cweasterling
Updated 9/30/2016 2:18:11 PM
1 Answer/Comment
Debt-equity ratio measure how well a company is using debt versus equity position.
Added 9/30/2016 6:27:32 AM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [9/30/2016 2:18:12 PM], Rated good by Andrew.
A statement of cash flows A. has three main sections: net cash flow from operating, investing, and financing activities. B. may be computed directly or indirectly. C. is a statement used to better understand the financing and investing activities. D. All of the above
Question|Asked by cweasterling
Updated 9/30/2016 6:44:45 AM
1 Answer/Comment
A statement of cash flows has three main sections: net cash flow from operating, investing, and financing activities.
Added 9/30/2016 6:44:45 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/30/2016 9:27:26 AM], Rated good by jeifunk
If a bond is issued at a premium, the effective interest rate is most likely _______ the contract interest rate. A. higher than B. lower than C. the same as D. Answer can’t be determined based on information given.
Question|Asked by cweasterling
Not Answered
Updated 9/30/2016 6:53:57 AM
1 Answer/Comment
If a bond is issued at a premium, the effective interest rate is most likely higher than the contract interest rate.
Added 9/30/2016 6:53:57 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/30/2016 9:30:02 AM]
Using the indirect method for cash flows, depreciation expense is added to net income to determine the A. cash flow from investing activities. B. cash flow from financing activities. C. cash flow from operating activities. D. cash flow from fixed asset activities.
Question|Asked by cweasterling
Not Answered
Updated 9/30/2016 6:50:41 AM
1 Answer/Comment
Using the indirect method for cash flows, depreciation expense is added to net income to determine the cash flow from operating activities.
Added 9/30/2016 6:50:41 AM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [9/30/2016 2:23:21 PM], Rated good by Andrew.
A statement of cash flows
Question|Asked by cweasterling
Not Answered
Updated 7/25/2016 10:04:36 AM
1 Answer/Comment
In financial accounting, a cash flow statement, also known as statement of cash flows, is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities.

Added 7/25/2016 10:04:36 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [7/25/2016 5:53:54 PM]
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