An Asset Has an Average Historical Rate of Return of 13.2

question 46

Multiple Choice

An asset has an average historical rate of return of 13.2 percent and a variance of .00972196.What range of returns would you expect to see approximately two-thirds of the time?

• A)-2.28 to +24.48 percent
• B)-6.52 to +32.92 percent
• C)-9.58 to +38.8 percent
• D)+3.34 to +23.06 percent
• E)+13.1 to +13.3 percent

Apply journalizing techniques for adjustments including unearned revenues and supplies expenses.

Calculate Gross Profit using beginning and ending inventory figures.

Recognize the role of Sales Discounts in calculating Gross Profit.

Understand the accrual accounting principle including revenue recognition and expense recording.

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Definitions:

Management by Objectives

A management strategy in which employees and managers collaborate to set clear, measurable goals that contribute to the overall objectives of the organization.

Role Conflict

A situation where there are incompatible demands placed upon a person relating to their job or social roles, leading to stress and difficulty in fulfilling the expectations of these roles.

Knowledge of Results

Feedback given to individuals about the outcomes of their actions, intended to inform and guide future performance.

Team Building

A variety of activities designed to improve team performance and enhance social relations among team members by defining roles and increasing collaboration.