A car wash services 200 customers in a 4-hour span on a lovely Saturday afternoon. The car wash employs 5 washers at $6 per hour. An appropriate measure of productivity is:
A) 200 cars/hour.
B) 0.6 $/car.
C) 8.3 cars/$.
D) 1.7 cars/$.
Answer: D
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The simplified letter format omits all of the following EXCEPT the ____.
A. salutation B. signature C. opening line D. complimentary close
Use the information in Table 5.5. What is the balance delay for your solution?
A) less than or equal to 15% B) more than 15% but less than or equal to 25% C) more than 25% but less than or equal to 35% D) more than 35%
On January 1, 2018, Harrison Corporation spent $2,600,000 to acquire control over Involved, Inc. This price was based on paying $750,000 for 30 percent of Involved's preferred stock, and $1,850,000 for 80 percent of its outstanding common stock. As of the date of the acquisition, Involved's stockholders' equity accounts were as follows: Common stock, $10 par value, 100,000 shares outstanding$1,000,000 Preferred stock, 7% fully participating, $100 par value, 10,000 shares outstanding 1,000,000 Retained Earnings 2,000,000 Total stockholders' equity$4,000,000 ?What is the total acquisition-date fair value of Involved?
A. $2,600,000 B. $3,062,500 C. $3,250,000 D. $4,812,500 E. $2,312,500
This year, Mr. Chester gave $50,000 to an old friend who has no legal obligation to repay the money. The entire $50,000 is a taxable gift.
Answer the following statement true (T) or false (F)