Calculate the annual interest rate associated with each of the following terms:
a. 2/5, net 30
b. 2/10, net 20
c. 3/15, net 30
What will be an ideal response?
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b.
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c.
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Which ratio measures the percentage of company's assets that are financed by debt?
A. Return on investment B. Debt to equity C. Debt to assets ratio D. Asset turnover
Wiggins Company has 1,000 shares of $10 par preferred stock, which were issued at par. It also has 25,000 shares of common stock outstanding, and its total stockholders' equity equals $500,000. The book value per common share is:
A. $16.00. B. $19.96. C. $19.60. D. $20.00. E. $10.00.
Distribute an agenda well in advance of the project meeting
a. True b. False Indicate whether the statement is true or false
Revenues normally carry a ________ balance and are shown in the ________.
A. Credit; Balance sheet B. Debit; Statement of stockholders' equity C. Debit; Balance sheet D. Credit; Income statement