Under GAAP, cash receipts from interest and dividends are classified as
a. financing activities
b. operating activities.
c. investing activities.
d. either financing or investing activities.
b
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Milton-Normand Inc. obtains a return of 13.5% from total invested capital of $790.6 million. Calculate the net profit it generates
A) $325.3 million B) $159 million C) $84.7 million D) $233.5 million E) $106.7 million
Which of the following items would be considered a revenue expenditure?
A) Plant assets B) Routine maintenance C) Addition D) Betterment
Eastview Company uses a periodic LIFO inventory system, and has the following purchases and sales:January 1150 units were purchased at $9 per unit.January 17120 units were sold.January 20160 units were purchased at $11 per unit.January 29150 units were sold. What is the value of ending inventory?
A. $2,670. B. $2,730. C. $440. D. $360. E. $2,750.
A random sample of 31 sales charge showed a sample standard deviation of $50. A 90% confidence interval estimate of the population standard deviation is
A. 1715.101 to 4055.589. B. 1596.458 to 4466.679. C. 39.956 to 66.833. D. 41.393 to 63.684.