A Massive Wave of Mergers and Consolidations in the United

question 17

Multiple Choice

A massive wave of mergers and consolidations in the United States 100 years ago was made possible by

• A)the opening up of the western states.
• B)rapid innovations in transportation, communication, and management techniques.
• C)a massive influx of immigrants from foreign countries.
• D)the growth of the American economy due to international trade.
• E)the growth of toll roads.

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Definitions:

Inventory Method

An accounting approach used to value and manage the inventory a business holds, affecting cost of goods sold and ending inventory.

Accounts Payable Turnover Ratio

A financial efficiency ratio that measures how many times a company pays off its suppliers during a specific period.

Interest Expense

The cost incurred by an entity for borrowed funds, shown as an expense on the income statement.

Interest Payable

A liability account representing the amount of interest expense that has been incurred but not yet paid by the company.