A Business Reports the Following in Its Financial Statements

question 21

Multiple Choice

A business reports the following in its financial statements:
Revenues $1 800
Preference Dividend 400
Expenses 600
Assets 1 900
Liabilities 1 100
What is the times dividends earned ratio?

• A) 4.50 times
• B) 2.25 times
• C) 1.80 times
• D) 3.00 times

Understand the necessity of flexibility in organizational controls.

Comprehend the importance of balancing cost versus benefit in effective control systems.

Recognize the various attributes that make controls effective.

Distinguish between strategic planning and operational planning in an organizational context.

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Definitions:

Value Networking

A business analysis practice that involves mapping and analyzing the interactions between an organization's resources, capabilities, and market opportunities to create value.

Customer Insights

Critical information gathered about consumers that helps businesses understand their needs, preferences, and behaviors.

Marketing Mix

A set of controllable, tactical marketing tools—product, price, place, and promotion—that a company uses to produce a desired response from its target market.

Discovering New

The process of identifying previously unrecognized opportunities or insights.