81. Enterprise resource planning software:
A. Refers to programs that help manage a company's vital operations.
B. Is another name for spreadsheet programs.
C. Uses batch processing of business information.
D. Is substantially declining in use.
E. Is another name for database programs.
82. An approach that enters and processes data as soon as source documents are available is called:
A. Date storage
B. Batch processing
C. Online processing
D. Computer programming
E. Web communication
83. In a typical sales journal, you would expect to see the following columns:
A. Sales dr.
B. Sales cr.
C. Purchases dr. (if periodic method used).
D. Inventory dr. (if perpetual method used).
E. Cost of Goods Sold cr. (if perpetual used).
84. In a typical cash receipts journal, you would expect to see the following columns:
A. Sales dr.
B. Sales discounts cr.
C. Accounts receivable dr.
D. Inventory dr. (if perpetual method used).
E. Cost of Goods Sold dr. (if perpetual method used).
85. In a typical cash disbursements journal, you would expect to see the following columns:
A. Accounts payable dr.
B. Sales discounts dr.
C. Accounts receivable dr.
D. Inventory dr. (if perpetual method used).
E. Cost of Goods Sold dr. (if perpetual method used).
86. In a typical purchases journal, you would expect to see the following columns:
A. Accounts payable dr.
B. Purchase discounts cr.
C. Accounts receivable cr.
D. Inventory dr. (if perpetual method used).
E. Cost of Goods Sold dr. (if perpetual method used).
87. A business segment:
A. Requires only internal reporting.
B. Is a part of a company that is separately identified by its products, services, or geographic market.
C. Requires special journals.
D. Requires subsidiary ledgers.
E. Cannot report its results separately.
88. A company’s Latin American segment had revenues of $2,089 million, operating income of $1,033 million, and average total assets of $1,443 million. The Latin American segment return on assets is:
A. 49.4%
B. 69.0%
C. 71.6%
D. 139.7%
E. 144.8%
89. A company's Southwest segment had revenues of $12 million, operating income of $2 million, and average total assets of $3 million. The Southwest segment return on assets is:
A. 42.85%
B. 41.67%
C. 25.00%
D. 16.67%
E. 66.67%
90. The segment return on assets:
A. Can only be determined for international companies.
B. Is a measure of the profitability of a segment.
C. Is difficult to calculate because companies with traded stock are not required to report segment information.
D. Is calculated as segment average assets divided by segment operating income.
E. Is calculated as segment sales divided by segment average assets.