CU Tech expects sales next year will be $4.8 million, a 25% increase over current sales. CU has total assets of $2.24 million, and all assets will increase proportionately with sales. CU has $1.49 million in current liabilities and a current ratio of 1.60 to 1. What total financing will CU need to support the expected sales increase?
A) No financing needed, surplus of $139,700
B) $187,500
C) $48,800
D) $234,400
B
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Use this information to answer the following question. The selected accounts and balances for Keystone Market appear as follows: Advertising Expense $ 14,000 Common Stock 100,000 Dividends 21,000 Freight-In 7,000 Freight-Out Expense 10,000 Interest Income 24,000 Merchandise Inventory (Jan. 1) 58,000 Merchandise Inventory (Dec. 31) 56,000 Purchases 60,000 Purchases Returns and Allowances 4,000
Rent Expense 9,000 Retained Earnings 40,000 Sales 150,000 Sales Returns and Allowances 19,000 Wages Expense 32,000 Goods available for sale would appear on the income statement as a. $114,000. b. $61,000. c. $121,000. d. $51,000.
The Nordic Europe leadership profile places low importance on which two global leadership behaviors?
A. participative and self-protective B. autonomous and charismatic/value-based C. self-protective and participative D. humane-oriented and self-protective
Which of the following has not been proposed as a motivation for passing right-to-work laws?
A. to improve employment growth and other economic outcomes. B. to protect individual freedoms by allowing workers to freely choose whether or not to become a union member. C. to weak the labor movement and political support for conservative policies. D. to ensure that union workers pay their fair share of the costs of union representation.
What does the term "reverse piercing" reference in regard to a corporation and its shareholders?
a. Holding a corporation liable for debts of a shareholder b. Holding a shareholder liable for debts of a corporation c. Holding a corporation liable for debts of a shareholder and holding a shareholder liable for debts of a corporation d. Holding a corporation liable for debts of a shareholder, holding a shareholder liable for debts of a corporation, and holding officers liable for debts of a corporation.