When using a(n) ________, the attorney will be paid a specified amount every month regardless of the workload for that month.
A. hourly fee
B. retainer
C. flat fee
D. contingency fee
Answer: B
You might also like to view...
According to Hofstede's definition of culture a particular "category of people" may constitute a nation, an ethnic group, a gender group, an organization, a family, or some other unit
Indicate whether the statement is true or false
On the balance sheet of a bank, what is the best description of the nature of checking accounts of customers?
a. Short-term asset b. Long-term asset c. Short-term liability d. Long-term liability e. Owners' equity
Which of the following is considered to be an accrued expense?
A) A computer technician has installed the latest software updates and was paid on the same day. B) A computer technician has been paid in advance to install software updates as they become available. C) A computer technician has just signed an agreement with you regarding pricing for future work. D) A computer technician has installed the latest software updates, but you have not received their invoice for payment.
Maynard Company's balance sheet and income statement are provided below:Maynard CompanyBalance SheetAs of December 31???AssetsYear 2Year 1Cash$ 83,500$ 92,000Accounts receivable94,000 90,000Inventory 62,50060,000Plants and equipment, net500,000525,000Land___150,000__150,000Total assets $ 890,000$ 917,000? ?Liabilities and Stockholders' Equity ?Accounts payable $ 73,000$ 62,000Notes payable115,000160,000Capital stock, no par440,000400,000Retained earnings____262,000__295,000Total liabilities and stockholders' equity$ 890,000$ 917,000Maynard CompanyIncome StatementYears Ended December 31?Year 2Year 1Sales$ 549,000$ 468,150Less cost of goods sold___360,000___289,500Gross margin189,000178,650Less operating expenses
____86,500____55,450Income before taxes102,500123,200Income taxes____18,500____16,600Net income $ 84,000$ 106,600The company paid cash dividends of $2.00 per share during Year 2. On December 31, Year 2, the stock was listed on the stock exchange at a price of $78.25 per share.Required:Compute the following ratios for Year 2:(a) Accounts receivable turnover(b) Average days to collect receivables(c) Inventory turnover(d) Average days to sell inventory(e) Debt to assets ratio(f) Debt to equity ratio(g) Net margin(h) Asset turnover(i) Return on investment(j) Dividend yieldRound your answers to one decimal place. What will be an ideal response?