Forman and Brasso Furniture Company had net income of $34,00 . and net sales of $248,800 . Compute the relationship of net income to net sales. Express your answer as a percentage. (Round answer to two decimal places.)
13.67%
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An example of a restaurant with a narrow and deep assortment is a ________
A) small lunch counter B) cafeteria C) large restaurant D) fast-food restaurant chain E) delicatessen
Which of the following statements best describes preferred stock?
A. Redemption of preferred stocks is allowed irrespective of whether the cost would make the corporation insolvent or not. B. Preferred stock cannot be converted into common stock. C. If a corporation's articles allow redemption, the corporation can buy back preferred stocks even if the holders do not wish to sell. D. Preferred stock holders are usually granted the right to vote only in the event that dividends due are fully paid to stockholders.
When evaluating the MUS sample results, the auditor calculates the total estimated misstatement in the account balance based on the sampling process using which of the following components?
a. Basic Precision. b. Projected misstatement for items in lower-stratum. c. Incremental Allowance for Sampling Error. d. All of the above.