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26. Firms that achieve higher growth rates without seeking external<br />
financing:<br />
Have a low plowback ratio<br />
are highly leveraged<br />
have less equity and/or are able to generate high net income<br />
leading to a high ROE.<br />
None of these<br />
27. In a process cost system, product costs are summarized:<br />
on job cost sheets.<br />
when the products are sold.<br />
after each unit is produced.<br />
on production cost reports.<br />
28. The convention of consistency refers to consistent use of<br />
accounting principles:<br />
within industries<br />
among accounting periods<br />
throughout the accounting period<br />
among firms<br />
29. If a company’s weighted average cost of capital is less than the<br />
required return on equity, then the firm:<br />
is financed with more than 50% debt
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