Division X of O'Blarney Company has sales of $300,000, cost of goods sold of $120,000, operating expenses of $58,000, and invested assets of $150,000. What is the profit margin for Division X?
A) 81.3%
B) 20.2%
C) 40.7%
D) 60%
C
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Which of the following items should be classified as an extraordinary item on an income statement?
a. gain on the retirement of a bond payable b. loss from hurricane damage in Iowa c. loss due to a discontinued operation in Colorado d. selling treasury stock for more than the company paid for it
Which element of intrinsic motivation is explained as the feeling of satisfaction and control we get from making efforts that do not rely on any external influences?
a. Need for self-determination b. Need for accomplishment c. Need for competence d. Need for self-achievement
What is required by the substantial evidence test?
a. The conclusions reached must be supported by such relevant evidence as a reasonable mind might accept as adequate to support a conclusion. b. It requires the court to try the facts de novo. c. It requires only that the agency had a rational basis for reaching its decision. d. It requires proof beyond a reasonable doubt.
Lora initiates a sequence of events involving Mike that results in an injury to Nell. According to the New York Court of Appeals in Palsgraf v. Long Island Railroad Co, if Lora was negligent with respect to Mike, Lora
a. is solely liable for Nell's injury. b. is not liable for Nell's injury. c. may be liable for Nell's injury?this is a separate issue. d. shares liability with Mike for Nell's injury.