A corporation has annual sales of $18 million, total assets of $4 million, a debt ratio of 40%,
depreciation expense of $200,000, and a tax rate of 40%. The corporation's total stockholders' equity
is equal to
A) $2,800,000. B) $2,400,000. C) $1,800,000. D) $5,600,000.
B
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Dr. Reilly is a neurosurgeon. He does an interview in a talk show about his occupation and his field. Dr. Reilly goes on to say how Phil Donrey, a famous natural healer who helps people through his Ayurvedic methods, is bogus and how there is no science or logic behind it. For which of the following reasons can Phil Donrey sue Dr. Reilly?
A. Conversion B. Libel C. False imprisonment D. Invasion of privacy
Which of the following statements is true of the Federal Trade Commission (FTC)?
A. It enforces the disclosure provisions of the warranty act and regulations. B. It does not permit consumers to sue the maker for failure to fulfill the terms of the warranty. C. It applies to all sellers of a "consumer product" that costs less than $5. D. It requires a seller of consumer goods to give a written warranty, either full or limited.
The approach which dominates current financial reporting of financial instruments [uses the historical market interest rate to compute the carrying value of notes and bonds while these obligations are outstanding] is the _____ approach
a. amortized cost b. un-amortized cost c. imputed cost d. future value e. liquidation value
Discuss the fair trade movement.
What will be an ideal response?