The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%. What is Clydesdale Company's rate of return on investment?
A) 56%
B) 20%
C) 45%
D) 25%
C
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When an investor currently using the fair value method acquires significant influence over the investee at mid-year, the investor should
A) restate its investment in the investee by debiting the investment account and crediting Retained Earnings for its previous percentage of investee earnings (less dividends) for the period from the original date of acquisition to the date significant influence was obtained. B) begin using the equity method from the date of acquiring significant influence and make no retroactive adjustments. C) restate its investment in the investee by debiting the investment account and crediting Investment Income for its percentage of investee earnings for the period from the last financial statement until the date significant influence was obtained. D) continue to use the fair value method until the end of the accounting period and then switch to the equity method in order to comply with the accounting conventions of consistency and conservatism.
Which of the following is the best advice regarding workplace conversation?
A) To personalize your conversations, always use first names when addressing supervisors, customers, and coworkers. B) Be courteous and attentive when conversing with managers, colleagues, subordinates, and customers. C) Bring up controversial topics such as politics or religion as often as possible to show your intelligence. D) To demonstrate that you are human, feel free to complain about your colleagues, friends, and job when you need to vent.
Generally, Rita signs her name using an infinity symbol rather than her legal name. Rita signed an instrument using this symbol. Which statement is correct?
a. The instrument cannot be negotiable. To be a negotiable, the instrument must be signed in Rita's legal name. b. The instrument cannot be negotiable. To be negotiable, the instrument must be signed in Rita's given name. c. The instrument cannot be negotiable. To be negotiable, the instrument must be signed using letters from the alphabet. d. The instrument can be negotiable. Rita intended to indicate her signature.
The value of a two-person pure strategy game is equal to the lower value of the game
Indicate whether the statement is true or false