**Educational Content Transcription and Explanation**---### Text Transcription:**5. The ratio of Profit Before Tax ÷ Assets is known as?**a. Net Profit after Taxes b. Return on assets c. Cost of Goods Sold d. Asset Utilization **6. When breaking down Total Cost of Ownership, the four elements of cost are...?**a. Quality, Service, Deployment, and Price b. Quality, Service, Delivery, and Production c. Quality, Set-Up, Delivery, and Price d. Quality, Service, Delivery, and Price **7. The Purchasing Organization in a firm can contribute to providing a competitive advantage by...**a. the profit-leverage effect b. the return on assets effect c. reducing annual spend d. improving process efficiency e. all of the above ---### Explanation:These questions are likely part of a quiz or education module focused on financial metrics and cost management.- **Question 5** tests knowledge of financial performance metrics, specifically the "return on assets," which measures how efficiently a company uses its assets to generate profit.- **Question 6** is about understanding the comprehensive elements that contribute to the Total Cost of Ownership (TCO), a financial estimate intended to help consumers and enterprise managers determine the direct and indirect costs of a product or system.- **Question 7** addresses how purchasing and procurement can enhance a firm’s competitive stance. The options list several strategies such as leveraging profits, optimizing return on assets, cost reduction, and efficiency improvements. The correct choice implies that all these strategies contribute collectively.Understanding these concepts is essential for students or professionals engaged in finance, accounting, or business management, as they apply directly to optimizing business operations and improving financial performance.

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Answered: 5- The ratio of Profit Before Tax…

5- The ratio of Profit Before Tax Assets is known as? a-Net Profit after Taxes b-Return on assets c-Cost of Goods Sold d-Asset Utilization

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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