Hamlin Corporation had $220,000 in invested assets, sales of $242,000, income from operations amounting to $48,400, and a desired minimum rate of return of 3%. The rate of return on investment for Hamlin is:
A) 4%
B) 22%
C) 3%
D) 6.4%
B
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A periodic review system ______.
a. is also known as a periodic inventory system b. is also known as a variable order interval system c. is one where the entire inventory is ordered once and not replenished d. is suitable for selling high-volume products
The top governing body of a corporation is known as the
A. incorporators. B. stockholders. C. management. D. officers. E. board of directors.
On October 1, Goodwell Company rented warehouse space to a tenant for $4300 per month. The tenant paid five months' rent in advance on that date, with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. Assuming adjustments are only made at year-end, the adjusting entry needed on December 31 is:
A. Debit Rent Receivable, $21,500; credit Rent Earned, $21,500. B. Debit Rent Receivable, $12,900; credit Rent Earned, $12,900. C. Debit Unearned Rent, $21,500; credit Rent Earned, $21,500. D. Debit Unearned Rent, $8600; credit Rent Earned, $8600. E. Debit Unearned Rent, $12,900; credit Rent Earned, $12,900.
In Microsoft Access, the statement used to display client emails and contacts, together
with all of their job dates and times would be __________. Fill in the blanks with correct word