Shares of Leshner Corporation now sell for $59.63. If the company had earnings per share of $1.50 last year, calculate the price-earnings ratio of the stock. (Round to nearest whole number)
40:1
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Under a standard cost system, when recording the use of direct materials in the production process, the debit to Work-in-Process Inventory is ________.
A) standard quantity for actual production times standard cost per unit of direct materials B) standard quantity for actual production times actual cost per unit of direct materials C) actual quantity times standard cost per unit of direct materials D) actual quantity times actual cost per unit of direct materials
Ryan, a minor, contracted to sell his auto to Ed, a 28-year-old. Ryan later refused to complete the sale. If Ed sues to enforce the contract, Ed will
a. win because Ryan was the seller. b. win because minors can only avoid contracts for the sale of land. c. lose, as the contract is void. d. lose, because the contract is voidable by Ryan.
With respect to a landlord evicting a commercial tenant for breach of a term of the lease other than one involving rent which of the following statements is TRUE?
A) The landlord must give notice of a breach to the tenant B) The notice of the breach given to the tenant must be accurate in every detail C) The tenant must be permitted a reasonable period of time to remedy the breach D) A and C E) All of the above