Generally speaking, a higher financial leverage ratio will result in an increase in a firms ROE and also reduce risk to shareholders
Indicate whether the statement is true or false
FALSE
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In the space below, state whether each situation is a deferral or an accrual. ______
a. Depreciation on machinery is $7,200 for the accounting period. ______ b. Interest that has been incurred on a loan but that has not yet been paid or recorded is $675. ______ c. Office supplies of $965 were on hand at the beginning of the period. Purchases of office supplies during the period totaled $640 . At the end of the period, $120 in office supplies remained. ______ d. Commissions amounting to $975 were earned but not yet collected by year end. ______ e. Prepaid Rent had a $2,500 balance prior to adjustment. By year end, 50 percent had expired. ______ f. Federal income taxes for the year were estimated to be $4,680.
Production technology has had a major impact on services, but as yet there has been little reduction in service labor requirements
Indicate whether the statement is true or false
For a lower tail test, the test statistic z is determined to be zero. The p-value for this test is
A. zero. B. -.5. C. +.5. D. 1.
What is the future value of $500 invested at 8.94% compounded quarterly for 12.5 years (rounded
to nearest $1)? A) $46,739 B) $1,510 C) $670 D) $1,617