Equal remuneration legislation requires:
a. Equal access to job opportunities
b. Equal working conditions for men and women
c. Work organizations to pay men and women workers equally for the same work or work of similar nature
d. Equal protection of both sexes
c. Work organizations to pay men and women workers equally for the same work or work of similar nature
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Leverage implies that a company
a. contains debt financing b. contains equity financing c. has a high current ratio d. has a high earnings per share
Why would you employ triangulation and critical multiplism together during evaluation? Select all that apply.
a. to increase the validity of your evaluation conclusions b. to complement strengths and weaknesses of multiple data collection methods c. to use more objective, quantitative data d. to use more subjective, qualitative data
Under the allowance method, writing off an uncollectible account
A) affects only income statement accounts. B) is not acceptable practice. C) affects only balance sheet accounts. D) affects both balance sheet and income statement accounts.
Use the following information from the current year financial statements of a company to calculate the ratios below:(a) Current ratio.(b) Accounts receivable turnover. (Assume the prior year's accounts receivable balance was $100,000.)(c) Days' sales uncollected.(d) Inventory turnover. (Assume the prior year's inventory was $50,200.)(e) Times interest earned ratio.(f) Return on common stockholders' equity. (Assume the prior year's common stock balance was $480,000 and the retained earnings balance was $128,000.)(g) Earnings per share (assuming the corporation only has common stock outstanding).(h) Price earnings ratio. (Assume the company's stock is selling for $26 per share.)(i) Divided yield ratio. (Assume that the company paid $1.25 per share in cash dividends.)Income statement
data:?Sales (all on credit) $1,075,000Cost of goods sold 575,000Gross profit on sales $ 500,000Operating expenses305,000Operating income$ 195,000Interest expense 20,400Income before taxes$ 174,600Income taxes 74,000Net income$ 100,600??Balance sheet data:?Cash$ 38,400Accounts receivable120,000Inventory56,700Prepaid Expenses 24,000Total current assets$ 239,100Total plant assets708,900Total assets$ 948,000Accounts payable$ 91,200Interest payable4,800Long-term liabilities 204,000Total liabilities$ 300,000Common stock, $10 par480,000Retained earnings168,000Total liabilities and equity$ 948,000 What will be an ideal response?