To Calculate the Accounting Rate of Return, It Is Necessary

question 44

Multiple Choice

To calculate the Accounting Rate of Return, it is necessary to determine annual profit. Annual profit is calculated on a/an:

• A)market value basis.
• B)cash basis.
• C)accrual basis.
• D)current cost basis.

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Definitions:

Low-calorie

Describes food or beverages that contain a smaller amount of calories than what is considered typical or average.

Substitutes

Goods or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specified period.

Wool Coats

Garments made from the natural fibers of sheep, designed to provide warmth.