If a company reports profit margin of 31.6% and investment turnover of 1.30 for one of its investment centers, the return on investment must be:
A. 41.1%.
B. 32.9%.
C. 4.11%.
D. 30.3%.
E. 24.3%.
Answer: A
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Paper Corporation holds 80 percent of the voting shares of Scissor Company. On January 1, 20X8, Scissor purchased $100,000 par value 12 percent first mortgage bonds of Paper from Cruse for $115,000. Paper originally issued the bonds to Cruse on January 1, 20X6, for $110,000. The bonds have an 8-year maturity from the date of issue. Scissor's reported net income of $65,000 for 20X8, and Paper reported income (excluding income from ownership of Scissor's stock) of $90,000.Based on the information given above, what gain or loss on the retirement of bonds should be reported in the 20X8 consolidated income statement?
A. $6,250 gain B. $7,500 loss C. $7,500 gain D. $6,250 loss
List six of the nine major forces in the external environment of a business organization.
What will be an ideal response?
A principal is contractually bound to a third party if the agent acts without any authority but the principal ratifies the contract
a. True b. False Indicate whether the statement is true or false
Any fines levied by the Occupational Safety and Health Administration (OSHA) are equal for entrepreneurial businesses with fewer than 25 employees as they are for large businesses.
Answer the following statement true (T) or false (F)