Inventory turnover measured annually is ______.
a. the ratio of (Annual Average Inventory Investment) to (Annual Cost of Goods Sold)
b. the ratio of (Annual Cost of Goods Sold) to (Annual Average Inventory Investment)
c. the product of (Annual Average Inventory Investment) and (Annual Cost of Goods Sold)
d. the product of (Annual Cost of Goods Sold) and (Annual Average Inventory Investment)
b. the ratio of (Annual Cost of Goods Sold) to (Annual Average Inventory Investment)
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A(n) _____ characteristic is a unique physical, measurable characteristic of a human being that is used to identify a person.
Fill in the blank(s) with the appropriate word(s).
Threats, punishment, intimidation, and unilateral action are consistent with a ________ strategy for conflict management.
What will be an ideal response?
A 10-year corporate bond has an annual coupon of 9%. The bond is currently selling at par ($1,000). Which of the following statements is NOT CORRECT?
A. The bond's yield to maturity is 9%. B. The bond's current yield is 9%. C. If the bond's yield to maturity remains constant, the bond will continue to sell at par. D. The bond's current yield exceeds its capital gains yield. E. The bond's expected capital gains yield is positive.
A machine costing $75,000 is purchased on September 1, Year 1. The machine is estimated to have a salvage value of $10,000 and an estimated useful life of 4 years. Double-declining-balance depreciation is used. If the machine is sold on December 31, Year 3 for $13,000, the journal entry to record the sale will include:
A. A debit to loss on sale for $2,625. B. A debit to loss on sale for $3,042. C. A credit to gain on sale for $4,979. D. A credit to accumulated depreciation for $59,375. E. A credit to gain on sale for $8,000.