The Three-Fifths Compromise Referred To

question 92

Multiple Choice

The Three-Fifths Compromise referred to:

• A) giving states with small populations three-fifths of the number of representatives as large-population states.
• B) allowing three slave states into the Union for every five nonslave states allowed to enter.
• C) counting large states as equal to small states in the Senate but not the House.
• D) counting slaves as three-fifths of a person when determining state population.
• E) the requirement that three-fifths of the states must approve a constitutional amendment.

Correctly classify balance sheet items according to their standard headings.

Prepare a statement of cash flows using the indirect method, highlighting the adjustments for non-cash transactions.

Understand and calculate the contribution margin ratio and its application in target income, and break-even analysis.

Define and identify variable, fixed, mixed, and curvilinear costs.

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, usually with fixed dividends and without voting rights.

Plowing Back

The reinvestment of earnings by a company back into its own operation or projects, also known as retained earnings.

ROE

Return on Equity, a financial ratio that measures the profitability of a business in relation to shareholder’s equity, indicating how well a company uses investments to generate earnings growth.

Dividend Growth Rate

The annualized percentage rate of growth of a company's dividend payments.