A dinnerware retailer plans retail operating expenses to be 38 percent of sales, a net profit margin of 5 percent of sales, and retail reductions to be 10 percent of sales. Its required initial markup needs to equal 48 percent
Indicate whether the statement is true or false
True
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Pail, Inc. holds 100 percent of the common stock of Shovel Company, an investment acquired for $680,000. Immediately following the combination, Pail's net assets have a book value of $1,150,000 and a fair value of $1,390,000. The book value and the fair value of Shovel's net assets on the date of combination are $400,000 and $550,000, respectively. Immediately following the combination, a consolidated balance sheet is prepared.Based on the information given above, at what amount will Pail's investment in Shovel stock be reported in the consolidated balance sheet?
A. $0 B. $440,000 C. $400,000 D. $480,000
A company has positive cash flow from investing and financing activities, but negative cash flow from operating activities. The likely result is:
A. Creditors will continue to lend money to the company. B. Creditors will demand immediate repayment of all outstanding debt. C. investors may not buy the company's stock because the receipt of dividends is unlikely. D. investors will continue to buy stock since the company's growth prospects are good.
To ____ should this invitation be sent?
A) who B) whom
Since an employee's responsibility is to move production along, it is ethical to knowingly pass defective services or products to internal or external customers when capacity is tight
Indicate whether the statement is true or false