ACT 210-Auditing-Fall Session 2-Class #12/121 WK 6/61 The Final-12-18-2019 1. The ratio is the percentage of earnings paid to dividends. 2. Most companies raise cash by incurring_ Lor issuing _intensive; most of the 3. Most companies in the USA are production is done by machines. 4. Walmart or any retailer has 'l' inventory; a manufacturer has 5. An incorrect direct labor cost can cause your to be overstated. its' 6. Capitalizing a fixed asset means that you are going to cost over a certain number of years. Expensing it is only done once. 7. Reviewing HR-Human Resources-records should uncover any _employees. 8. Using the Rule of 72, how long will it take for your investment to double if you are earning 8%, compounded annually? companies. 9. In and Out and Mars Inc. are examples of _your business. 10. The best way to get limited liability is to and 11.A confirmation letter would be mailed to your Accounts _payable customers and vendors. 12. The inventory turnover number tells you how Lyou must reorder throughout the year. For supermarket perishables, the number is about but for a new car dealership, it's around