The discount on a bond is ________ and ________ the discount each period.
A. amortized? decreases
B. increased? credited to
C. depreciated? increases
D. expensed? increases
Answer: A
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Collaborative demand planning helps organizations reduce their investment in inventory while improving customer satisfaction through product availability.
Answer the following statement true (T) or false (F)
The current ratio is a measure of all the ratios calculated for the current year
Indicate whether the statement is true or false
Which is correct?
a. The audience were growing restless. b. The audience was growing restless.
Fayer Corporation has provided the following financial data:Balance SheetDecember 31, Year 2 and Year 1AssetsYear 2Year 1Current assets: Cash$161,000 $180,000 Accounts receivable, net 110,000 130,000 Inventory 181,000 160,000 Prepaid expenses 57,000 70,000 Total current assets 509,000 540,000 Plant and equipment, net 1,044,000 960,000 Total assets$1,553,000 $1,500,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$188,000 $160,000 Accrued liabilities 57,000 60,000 Notes payable, short term 36,000 40,000 Total current liabilities 281,000 260,000 Bonds payable 200,000 200,000 Total liabilities 481,000 460,000 Stockholders' equity: Common stock, $4 par
value 200,000 200,000 Additional paid-in capital 80,000 80,000 Retained earnings 792,000 760,000 Total stockholders' equity 1,072,000 1,040,000 Total liabilities & stockholders' equity$1,553,000 $1,500,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,220,000 Cost of goods sold 760,000 Gross margin 460,000 Operating expenses 389,846 Net operating income 70,154 Interest expense 14,000 Net income before taxes 56,154 Income taxes (35%) 19,654 Net income$36,500 Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $10.88 per share.The company's debt-to-equity ratio at the end of Year 2 is closest to: A. 0.22 B. 0.19 C. 0.27 D. 0.45