During 20x5, Oates Company had sales of $500,000, net income of $50,000, average total assets of $700,000, dividend payments of $35,000, net cash flows from operating activities of $90,000, purchases of plant assets of $75,000, and sales of plant assets of $90,000. Cash flows to sales equals (Round amounts to one decimal place)
A) 12.9 percent.
B) 15.0 percent.
C) 22.5 percent.
D) 18.0 percent.
D
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On January 31, a company needed to estimate its ending inventory to prepare its monthly financial statements. The following information is currently available:Inventory as of January 1: $120,500Net sales for January: $400,000Net purchases for January: $270,500This company typically achieves a gross profit ratio of 15%. Ending Inventory under the gross profit method would be:
A. $10,425. B. $51,425. C. $102,425. D. $51,000. E. $9,000.
It is the responsibility of the ________ to determine if a CEO has the experience and integrity needed to head a company and be entrusted with the capital and wealth of the organization.
A. chief financial officer B. ethics ombudsperson C. board of directors D. stockholders E. employees
A challenge of market segmentation is estimating a firm's potential profits if it focuses on the whole market or only on specific segments.
Answer the following statement true (T) or false (F)
The goal of operational feasibility is to understand the degree to which a proposed system will likely solve the business problems or take advantage of opportunities
Indicate whether the statement is true or false