Buckley Corporation's most recent comparative balance sheet appears below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Cash and cash equivalents$19 $20 Accounts receivable 26 27 Inventory 56 51 Property, plant, and equipment 686 550 Less accumulated depreciation 430 363 Total assets$ 357 $ 285 Liabilities and stockholders' equity: Accounts payable$30 $34 Bonds payable 43 40 Common stock 54 50 Retained earnings 230 161 Total liabilities and stockholders' equity$ 357 $ 285 The company's net income for the year was $91 and it paid a cash dividend of $22. It did not dispose of any property, plant, and equipment during the year. The company did not retire any bonds payable or repurchase any of its own
common stock.The net cash provided by (used in) financing activities for the year was:
A. $3
B. $(22)
C. $(15)
D. $4
Answer: C
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At Susan's retirement party, she reflected upon her long career in starting up successful companies. She said, "I salute my long-time mentor, Milton, who counseled me early in my career about risk. He told me, ‘Susan, when you are confronted with risk when making management decisions, you should
A. not proceed without a liability insurance policy.'" B. understand there is no way to manage it.'" C. eliminate it with a thorough understanding of the consequences of each option.'" D. anticipate it, minimize it, and control it.'" E. avoid it by any means necessary.'"
Atlantis, Inc reported the following data
2017 2016 Amount Percentage Revenues $6,390 $4,940 $1,450 29.35% Cost of goods sold 3,410 2,400 1,010 42.08% Gross profit 2,980 2,540 440 17.32% Operating expenses: Sales and marketing expense 720 600 120 20% General and administrative expenses 450 445 5 1.12% Research and development expense 480 470 10 2.13% Other expense 420 750 (330 ) (44.00 )% Total operating expenses 2,070 2,265 (195 ) (8.61 )% Income before income tax 910 275 635 230.91% Income tax expense 240 220 $20 9.09% Net income (loss) $670 $55 $615 1,118.18% The horizontal analysis shows that cost of goods sold has ________. (Round your answer to two decimal places.) A) increased by 29.35% B) decreased by 29.35% C) increased by 42.08% D) decreased by 42.08%
All of the following are rights of insurance consumers except:
A) the right to accurate information B) the right to have complaints heard C) the right to affordable prices D) the right to product development and improvement
The process which provides a baseline evaluation of risk in a rapid and cost-effective manner is known as:
a. Quantitative risk analysis b. Event management software c. Qualitative risk analysis d. Risk avoidance