The inventory turnover rate is computed by:
A) dividing average inventory by cost of goods sold.
B) dividing cost of goods sold by average inventory.
C) dividing ending inventory by cost of goods sold.
D) dividing ending inventory by beginning inventory.
B) dividing cost of goods sold by average inventory.
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When a firm has noncontrolling interests, analysts may compute and review all except which of the following return on equity ratios?
A. Return on parent company equity where parent company equity includes both common equity and preferred stock. B. Return on common equity defined as net income attributable to the parent company minus preferred dividends divided by average common equity. C. Return on total equity net of non-controlling interests where total equity includes common equity and preferred stock, less noncontrolling interests. D. Return on total equity where total equity includes common equity, preferred stock, and noncontrolling interests.
A company wishes to make deposits at the end of each of the next four years to accumulate a fund of $60,000 . The annual contributions equal $60,000 multiplied by the appropriate present value of an ordinary annuity factor
Indicate whether the statement is true or false
FICA tax is a payroll tax that is paid only by employers
Indicate whether the statement is true or false
When it comes to strikes, most public sector workers are:
A. Able to strike legally, without loss of benefits. B. Able to strike but must take economic losses. C. Prohibited from striking. D. Allowed to strike only over certain issues like management abuse.