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3 Which statement provides a financial summary of the firms operating results during a specified period?
Income Statement
What are the big four audit firms?
The big four audit firms are four networks of smaller firms operating under a single brand name. They are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Enst & Young, and KPMG. Between them, the Big Four control almost all of the auditing on the planet.
Whole salers are firms that sell driectly to the consumer?
Retailers are firms that sell directly to the consumer, wholesalers are the firms that supply the retailers goods to sale to the consumers.
What are the big four accounting firms?
The largest firms are commonly referred to as "The Big Four." These four firms are: Deloitte and Touche, Ernst and Young, KPMG, and PricewaterhouseCoopers.
How much of the firms earning are left as balance after the firms pay out dividends to its shareholders?
It depends how successful the business is
If a firms fixed financial costs decrease the firms operating breakeven point will do what?
decrease <--------WRONG!!!!! The operating breakeven point will remain unchanged.
What is horizontal and covers similar types of firms and operating practices of the firms?
industry analysis
Why firms invest and borrow?
Firms invest in order to make dividend and interest income when they have an excessof money over current operating expenses. Firms borrow to pay bills when they have an excess of operating expenses over the cash available.
Why do firms invest and borrow?
Firms invest in order to make dividend and interest income when they have an excessof money over current operating expenses.Firms borrow to pay bills when they have an excess of operating expenses over the cash available.
Monopolistically competitive firms may not be able to produce goods at the lowest possible average cost. This statement is describing how monopolistically competitive firms might be?
without economies of scale
Which financial ratio is the best measure of the operating effectiveness of a firms management?
current ratio
Firms operating at or near capacity are unlikely to instigate price wars?
sadfasdf asdfasdf
How big is SIC 3669?
In 2001, there were 431 firms operating 468 establishments in this industry
What types of firms or what industry sectors might it be prudent to limit operating leverage?
susmita
Firms with relatively high nonfinancial fixed costs are said to have a high degree of what?
Operating Level.
What factors cause some firms to become more international than others?
operating characteristics
Discuss what factors cause some firms to become more international than others?
operating characteristics
