On a Common-Size Balance Sheet All Accounts Are Expressed as a Percentage

question 38

Multiple Choice

On a common-size balance sheet all accounts are expressed as a percentage of:

• A)sales for the period.
• B)the base year sales.
• C)total equity for the base year.
• D)total assets for the current year.
• E)total assets for the base year.

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Definitions:

Value Engineering

A systematic approach to improve the 'value' of products or services by using an examination of function. Value can be increased by either improving the function or reducing the cost.

Quality Function Deployment (QFD)

A process for determining customer requirements (customer “wants”) and translating them into the attributes (the “hows”) that each functional area can understand and act on.

Value Engineering

An organized approach to enhancing the "value" of products and services through a functional analysis.