According to the Keown book, the average student debt is more than ________. In addition, according to a recent Fidelity survey, total student debt-including credit card debt and personal and family loans-tops ________.
a. $9,000; $15,000
b. $19,000; $25,000
c. $29,000; $35,000
d. $39,000; $45,000
Ans: c. $29,000; $35,000
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A component of equity that arises when a parent company owns a majority of the common shares of a subsidiary company is known as?
A) ?majority interest. B) ?noncontrolling interest. C) ?earned capital. D) ?unearned capital.
Which of the following ratios will usually have the lowest percent?
a. Return on investment b. Return on total equity c. Return on common equity d. Return on total assets e. There is not enough information to tell
How does the “born with prior knowledge of right and wrong” philosophy of human nature differ from the “born good” philosophy?
What will be an ideal response?
Division X makes a part with the following characteristics: Production capacity 25,000unitsSelling price to outside customers$18 Variable cost per unit$11 Fixed costs, total$100,000 Division Y of the same company would like to purchase 10,000 units each period from Division X. Division Y now purchases the part from an outside supplier at a price of $17 each. Suppose Division X has ample excess capacity to handle all of Division Y's needs without any increase in fixed costs and without cutting into sales to outside customers. If Division X refuses to accept the $17 price internally and Division Y continues to buy from the outside supplier, the company as a whole will be:
A. worse off by $20,000 each period. B. worse off by $70,000 each period. C. worse off by $60,000 each period. D. better off by $60,000 each period. E. better off by $10,000 each period.