Jill Fredson Is in Charge of the Mail Room at Gammon

question 58

Multiple Choice

Jill Fredson is in charge of the mail room at Gammon University.Every Friday morning she receives a report via email that summarizes the number of outgoing and incoming pieces of mail by source and destination department.Every Friday afternoon,Jill deletes the report without reading it because it has no bearing on mail room operations.Which of the following characteristics of useful information is absent in the situation described above?

• A) Relevant
• B) Reliable
• C) Complete
• D) Timely
• E) Understandable
• F) Verifiable
• G) Accessible

---

Definitions:

Times Interest Earned

Times Interest Earned, or TIE, is a financial ratio that compares a company’s operating income to its interest expenses to measure its ability to meet debt obligations.

Interest Expense

The cost incurred by an entity for borrowed funds; this expense is a non-operating cost that appears on the income statement.

Decimal Place

The position of a number to the right of a decimal point, indicating the precision or fractional part of the number.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership equity held by stockholders.