The nominal interest rate in an economy decreases when
A. the aggregate demand curve shifts to the left.
B. the money supply curve shifts to the left.
C. the aggregate supply curve shifts to the right.
D. the money demand curve shifts to the left.
Answer: D
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Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: $10,000 Year 2: 45,000 Year 3: 90,000 Determine the dividends in arrears for preferred stock for the second year
a. $25,000 b. $10,000 c. $0 d. $30,000
When the rate of return on total assets ratio is greater than the rate of return on common stockholders' equity ratio, the management of the company has effectively used leverage
a. True b. False Indicate whether the statement is true or false
Brendan Company sold merchandise worth $1,600 on credit, terms n/15. The merchandise sold had cost $1,100. What is the required journal entry to record the transaction under the perpetual inventory system?
A) Accounts Receivable 1,600 Sales 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100 B) Sales 1,600 Accounts Receivable 1,600Merchandise Inventory 1,100Cost of Goods Sold 1,100 C) Accounts Receivable 1,600 Merchandise Inventory 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100 D) Merchandise Inventory 1,600 Sales 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100
When employers actively work to keep unions out of their workplace or are openly hostile toward unions it is known as _______________________.
Fill in the blank(s) with the appropriate word(s).