The Proportion of a Firm's Assets That Are Financed by Debt

question 103

True/False

The proportion of a firm's assets that are financed by debt is measured by the debt ratio.

---

Definitions:

Products

Goods or commodities that are manufactured or refined for sale.

Variable Overhead Efficiency Variance

The difference between actual hours taken to produce something and the standard hours expected, multiplied by the variable overhead rate.

Budget Variance

The difference between the budgeted or planned amount of expense or revenue, and the actual amount incurred or received.

Fixed Overhead Budget Variance

The variance between the budgeted and the actual incurred fixed overhead expenses.