TransSystems Inc. has a total equity of $560,000; sales of $2,250,000; total assets of $995,000; and
current liabilities of $310,000. What is TransSystems Inc.'s debt ratio?
A) 66.7% B) 43.7% C) 55.4% D) 31.2%
B
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Which profitability ratio requires the use of earnings per share and the current market price?
a. Return on common stockholders' equity b. Dividend payout ratio c. Dividend yield ratio d. Price/earnings ratio
Which of the following refers to surveys that are taken at fixed time intervals in order to monitor advertising awareness, product usage, or strategy-related measures such as product positioning over time?
A) awareness studies B) tracking studies C) time studies D) marketing potential studies
Which term describes the type of threat which occurs when top management threatens to replace the audit firm because of a disagreement over an accounting issue?
a. Management participation threat. b. Undue influence threat. c. Adverse interest threat. d. Financial self-interest threat.
Assume that Village increases variable costs from $11 to $14 per person. Compute the new breakeven point in tickets and in sales dollars.
Village Arcade sells tickets at $25 per person as a one-day entrance fee. Variable costs are $11 per person, and fixed costs are $52,500 per month.