Zhang Industries sells a product for $700. Unit sales for May were 400 and each month's sales are expected to exceed the prior month's results by 3%. Compute the total budgeted sales dollars for the month ended June 30.
A. $297,000.
B. $364,000.
C. $271,600.
D. $288,400.
E. $280,000.
Answer: D
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Under the Employee Retirement Income Security Act, a company can be liable for its pension plan up to:
a. 30 percent of its total assets b. 30 percent of its net worth c. 40 percent of its total assets d. 40 percent of its net worth e. 50 percent of its total assets
Mullis Company sold merchandise on account to a customer for $705, terms n/30. The journal entry to record this sale transaction would be:
A. Debit Cash of $705 and credit Accounts Receivable $705. B. Debit Accounts Receivable $705 and credit Cash $705. C. Debit Accounts Receivable $705 and credit Sales $705. D. Debit Sales $705 and credit Accounts Receivable $705. E. Debit Cash of $705 and credit Sales $705.
In the team leadership model, the leader’s job is ______.
A. take action for all problems B. solve team member conflicts C. monitor and take appropriate action D. use the team as a personal support system
Dentaltech Inc. projects the following data for the coming year. If the firm follows the residual dividend model and also maintains its target capital structure, what will its dividend payout ratio be? EBIT $3,000,000 Capital budget $625,000 Interest rate 10% % Debt 40% Debt outstanding $4,600,000 % Equity 60% Shares outstanding 5,000,000 Tax rate 40% ?
A. 75.4% B. 86.7% C. 58.8% D. 88.2% E. 89.0%