Business writers normally use active voice more frequently than passive voice because active voice conveys ideas more vividly
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If a company has $152,000 of revenues, declares and pays $55,000 in dividends, and has net income of $89,000, how much were expenses for the year?
a. $ 8,000 b. $ 63,000 c. $144,000 d. Unable to determine the amount due to incomplete information.
On January 1 of the current year, Jimmy's Sandwich Company reported total stockholders' equity of $129,000. During the current year, total revenues were $108,000 while total expenses were $97,500. Also, during the current year the company paid $32,000 in dividends. No other changes in equity occurred during the year. The change in total equity during the year was:
A. An increase of $21,500. B. A decrease of $42,500. C. A decrease of $21,500. D. An increase of $42,500. E. An increase of $79,000
On January 1, a company issues bonds dated January 1 with a par value of $220,000. The bonds mature in 3 years. The contract rate is 6.0%, and interest is paid semiannually on June 30 and December 31. The market rate is 7.0%. Using the present value factors below, the issue (selling) price of the bonds is: n= i= Present Value of an Annuity(series of payments) Present value of 1(single sum)3 6.0?% 2.6730? 0.8396?6 3.0?% 5.4172? 0.8375?3 7.0?% 2.6243? 0.8163?6 3.5?% 5.3286? 0.8135?
A. $35,169. B. $220,000. C. $214,139. D. $225,861. E. $178,970.
The declaration of cash dividends will increase the book value per share of common stock
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