The number of times interest expense is earned is computed as
a. net income plus interest expense, divided by interest expense
b. income before income tax plus interest expense, divided by interest expense
c. net income divided by interest expense
d. income before income tax divided by interest expense
b
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The inventory turnover ratio is defined as cost of goods sold divided by average inventory
a. True b. False Indicate whether the statement is true or false
Which of the following terms best describes the assumption made in applying the four inventory methods?
a. Cost flow b. Goods flow c. Asset flow d. Physical flow
In which of the following ways does a participatory leadership style primarily differ from an authoritarian one?
a. It is more likely to allow unethical behavior among employees. b. It is more likely to value one-way communication. c. It is more strongly devoted to the hierarchical system. d. It demonstrates greater respect for employees.
Jennifer enters into a contract to purchase one of Richard's sculptures. Richard is known for his own unique style of sculpting. Due to time constraints, Richard refuses to create a sculpture for Jennifer
If Richard breaches the contract, which of the following equitable remedies is the court likely to order? A) reformation B) specific performance C) injunction D) rescission