Regardless of the specific type of long-term debt, which of the following is normally an expectation with regards to debt transactions?
A. Payment of interest
B. Repayment of the debt
C. Payment of dividends
D. Payment of interest and repayment of the debt
Answer: D
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Division A of Mocha Company has sales of $155,000, cost of goods sold of $83,000, operating expenses of $43,000, and invested assets of $150,000. What is the rate of return on investment for Division A?
A) 19.3% B) 48.0% C) 18.7% D) 5.47%
Martha started a flower shop as a sole proprietor. After one year, she was forced to close the
shop because business was so bad. At that time, the business assets totaled $50,000, but the business liabilities totaled $125,000. Which of the following statements is true? A) Martha's business creditors can collect only the $50,000 now, but if Martha ever goes into business again, they can get the assets of the new business. B) Martha's business creditors can collect only the $50,000 of business assets. C) Once Martha terminates the sole proprietorship, the business creditors cannot get even the $50,000. D) Martha is personally liable for the additional $75,000.
Alcoholism is regarded as a disease, similar to a mental impairment.
Answer the following statement true (T) or false (F)
The National Park Service hires Outdoor Play, Inc, to replace outdated playground equipment in a handful of national parks. For this action, an environmental impact statement is most likely
a. prohibited because the action does not affect the environment. b. required because the action is "federal.". c. unnecessary because the action is not "major.". d. voluntary because the action does not affect the environment.