Which of the following is a feature of index funds?
A) They have lower fees.
B) They select and hold stocks to match the performance of a stock index.
C) They do not require managers to select stocks and decide when to buy and sell.
D) All of the above.
D
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In a period of rising prices, the use of which of the following cost flow methods would result in the highest tax liability?
a. LIFO b. FIFO c. Weighted average cost d. Moving average cost
In a material flow map, a rectangle represents?
a. Delay/storage b. Decision c. Process operation d. Start/end of process
The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year$128,000?Cash dividends declared for the year 48,000?Proceeds from the sale of equipment 83,000?Gain on the sale of equipment 7400?Cash dividends payable at the beginning of the year 20,000?Cash dividends payable at the end of the year 22,400?Net income for the year 94,000?What is the ending balance for retained earnings?
A. $178,000. B. $174,000. C. $280,000. D. $204,000. E. $252,000.
The following balance sheet information is provided for Santana Company for Year 2: Assets Cash$7600? Accounts receivable 13,750? Inventory 15,800? Prepaid expenses 2600? Plant and equipment, net of depreciation 20,500? Land 14,400? Total assets$74,650? Liabilities and Stockholders' Equity Accounts payable$3390? Salaries payable 7230? Bonds payable (due in ten years) 17,000? Common stock, no par 11,500? Retained earnings 35,530? Total liabilities and stockholders' equity$74,650? What is the company's debt to equity ratio?
A. 124.22% B. 49.97% C. 58.73% D. 30.53%