The ________ ratio is used to assess the risk of a company's financing structure.
What will be an ideal response?
debt-to-equity
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A disclaimer of opinion is necessary when the exceptions to fair presentation are so material that a qualified opinion is not justified
Indicate whether the statement is true or false
Which statement referring to thought patterns is incorrect?
a. Asians typically use the inductive method of reasoning. b. Thought patterns impact oral communication. c. When using the deductive method of reasoning, one starts with the facts and goes to generalizations. d. Recognizing different thought patterns is important in negotiation with different cultures.
Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in units 240 280 300 240 Each month's ending Finished Goods Inventory in units should be 40% of the next month's sales March 31 Finished Goods inventory is 96 units. A finished unit requires five pounds of direct material B at a cost of $2.00 per pound. The March 31 Raw Materials Inventory has 200 pounds of direct material B. Each month's ending Raw Materials Inventory should be 30% of the following month's production needs. The budgeted cost of direct material B during May should be:
A. $3,708. B. $552. C. $2,844. D. $2,016. E. $576.
The holding-period return on a stock was 32%. Its beginning price was $25, and its cash dividend was $1.50. Its ending price must have been _________.
A. $28.50 B. $33.20 C. $31.50 D. $29.75