Redeemable preferred stock is best considered as equity for ratio analysis
Indicate whether the statement is true or false
F
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Salinger Software was founded in 2015. The company lost money each of its first three years, but was able to turn a profit in 2018. Salinger's operating income (EBIT) for its first four years of operations is reported below. YearEBIT2015-$100,000,0002016-$150,000,0002017-$100,000,0002018$700,000,000? The company has no debt, so operating income equals earnings before taxes. The corporate tax rate has remained constant at 35%. Assume that the company took full advantage of the carry-back, carry-forward provisions in the Tax Code, and assume that the current provisions were applicable in 2015. How much tax did the company pay in 2018?
A. $121,275,000 B. $132,300,000 C. $135,975,000 D. $122,500,000 E. $101,675,000
__________ are cynical and manipulative, while ____________ are trusting and poor negotiators.
a. High self-monitors; low self-monitors b. Type As; type Bs c. Internally controlled; externally controlled d. High machs; low machs
Two firms, such as a small local, family-owned Italian restaurant and Olive Garden, share few markets and have little similarity in resources, but are nonetheless direct and mutually acknowledged competitors.
Answer the following statement true (T) or false (F)
A(n) ____________________ is owned by two or more people who assume the risks for the business and whose assets may be taken to pay creditors.
Fill in the blank(s) with the appropriate word(s).