Which column in the newspaper stock table will tell you the price a share of stock in Ford Motor Company was selling for when the trading day ended?

A. Hi
B. Lo
C. Close
D. Vol 100s


Answer: C

Business

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Lessee leased some land and buildings from Lessor. There was no transfer of ownership and no bargain purchase option. If the fair value of the land is less than a certain percentage of the total fair value of the leased property at the inception of the lease, both the lessee and the lessor may consider the land and buildings as a single unit. What is that percentage?

A) 10% B) 75% C) 25% D) 50%

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Earnings before taxes and interest divided by interest expense is the

a. earnings return ratio; b. interest expense ratio; c. times interest earned ratio; d. interest return ratio; e. none of these.

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Compute the May 20xx EVA for an investment center with the following information: Pre-tax operating income for May 20xx $18,000,500 Income tax expense for May 20xx 5,100,000 Assets at May 31, 20xx 13,200,500 Current liabilities at May 31, 20xx 10,000,000 Long-term liabilities at May 31, 20xx 3,500,000 Minimum desired rate of return 20% Minimum desired rate of return 20%

a. $12,260,400 b. $12,700,500 c. $11,880,500 d. $12,200,500

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