The ratio of costs to revenues can indicate opportunities for activity-based costing to increase efficiency and reduce costs. Refer to Apple’s and Google’s 2017 income statements in Appendix A to answer the following. Required: 1. For Apple, compute the ratio of costs (titled as cost of sales plus operating expenses) to net sales for 2017. 2. For Google, compute the ratio of costs (titled as total costs and expenses) to revenues for 2017. 3. Which company has the higher ratio of costs to revenues for 2017?

How do communism and socialism differ in terms of the role that government plays in the economy ?

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.

Which of the following is not an example of one of the four mail advantages of prices on a free market economy