In the context of small businesses, ________ comes from lenders who will be repaid at a specified interest rate within a specified time span.
A. profit capital
B. working capital
C. equity financing
D. debt financing
Answer: D
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Answer the following statements true (T) or false (F)
1. Declaring and paying dividends causes an increase in both assets and stockholders' equity of the corporation. 2. Legal capital refers to the portion of stockholders' equity that cannot be used for dividends. 3. If preferred stock is noncumulative, the company is required to pay dividends that were passed in previous years. 4. The declaration date is the date the corporation prepares a journal entry to record that stockholders will receive dividend checks. 5. No journal entry is made on the dividend declaration date.
Tusa Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Estimated total manufacturing overhead at the beginning of the year $638,250 Estimated direct labor-hours at the beginning of the year 37,000direct labor-hoursResults of operations: Actual direct labor-hours 34,000direct labor-hoursManufacturing overhead: Indirect labor cost$148,000 Other manufacturing overhead costs incurred$450,000 Cost of goods manufactured$1,611,000 Cost of goods sold (unadjusted)$1,518,000 The adjusted Cost of Goods Sold for the year is: (Round your intermediate calculations to 2 decimal places.)
A. $1,518,000 B. $1,642,000 C. $1,506,500 D. $1,529,500
________ refers to a commitment to constantly make things better one step at a time.
A. Production focus B. Continuous improvement C. Sales orientation D. Just-in-time E. Ladder approach
Michael Milkman has suggested that you consider the purchase of some bonds that are rated BB or below. He is asking you to purchase ________ bonds
A) junk B) very risky C) high-yield D) All of the above E) Only A and B.