Last year the Monroe Logistics Company reported 40,000 damaged deliveries, 18,000 deliveries to the wrong address, 15,000 late deliveries, 1,200 deliveries billed incorrectly, and 127,000 deliveries handled properly
Assuming no delivery had more than one error, Monroe's percent perfect order is:
A) 37%
B) 42%
C) 58%
D) 63%
Answer: D
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Jackson Advertising Co. had assets of $475,000; liabilities of $275,500; and equity of $199,500. Calculate its debt ratio.
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When using an EPS-EBIT chart to evaluate a pure debt financing and pure equity financing plan,
A) the debt financing plan line will have a lower level of EBIT at EPS = 0. B) the line of the two financing plans will intersect on the EBIT axis. C) the debt financing plan line will graph with a steeper slope than the equity financing plan line. D) the slope of the equity financing plan line will be steeper than the debt financing plan line below the intersection of the two lines.
Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.) 1) Acquired $1000 cash from the issue of common stock. 2) Borrowed $470 from a bank. 3) Earned $700 of revenues. 4) Paid expenses of $260. 5) Paid a $60 dividend. During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.) 1) Issued an additional $375 of common stock. 2) Repaid $255 of its debt to the bank. 3) Earned revenues of $800. 4) Incurred expenses of $380. 5) Paid dividends of $110. What is Packard Company's net cash flow from financing activities for Year 2?
A. $365 inflow B. $10 inflow C. $255 outflow D. $265 outflow