Given Sales is 1,20,000 and Gross Profit is 30,000, the gross profit ratio is

The term management accounting was first coined in

A. 1960

B. 1950

C. 1945

D. 1955

The second term for Horizontal Analysis is

A. Dynamic Analysis

B. Inter-firm Analysis

C. Time-series Analysis

D. All of the above

Vertical analysis is also known as

A. Static analysis

B. Structural analysis

C. Cross-sectional analysis

D. All of the above

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above

Time value of money supports the comparison of cash flows recorded at different time period by

A. Discounting all cash flows to a common point of time

B. Compounding all cash flows to a common point of time

C. Using either a or b

D. None of the above