A format written statement of management's plans for the future. 1 point packaged in financial terms is a: O a. responsibility report 0 b. performance report {:11 c. cost of production report 0 d. budget Which of the following is true regarding the calculation of return on total 1 point assets? (:1 the numerator of the ratio consists onlyr of net income 0 the denominator of the ratio consists of the balance of total assets at the end of the period under consideration 0 the numerator of the ratio consists of net income plus interest expense times the tax rate 0 the numerator of the ratio consists of net income plus interest expense times one minus the tax rate The corporation exercises control over an affiliate in which it holds a 40% common stock interest. If its affiliate completed a fiscal year protably but paid no dividends. how would this affect the investor corporation? result in increased earnings per share result in an increase current ratio increase in several turn-over ratios 0000 decrease in book value per share If a company wishes to establish a factory overhead budget system in which estimated costs can be derived directly from estimates of activity levels. it should prepare a O a. exible budget (:11 b. program budget (:31 c. discretionary budget 0 d. manufacturing budget