Rhonda is a server in a restaurant. One day she finds a purse while clearing a table. The purse is most likely

a. lost property.
b. mislaid property.
c. treasure trove.
d. abandoned property.


b

Business

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The lower the inventory turnover ratio, the less time inventory resides in storage

a. True b. False Indicate whether the statement is true or false

Business

Pettijohn Inc.The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.

Balance Sheet (Millions of $) Assets2016 Cash and securities$  1,554.0 Accounts receivable9,660.0 Inventories  13,440.0 Total current assets$24,654.0 Net plant and equipment  17,346.0 Total assets$42,000.0 Liabilities and Equity Accounts payable$  7,980.0 Notes payable5,880.0 Accruals    4,620.0 Total current liabilities$18,480.0 Long-term bonds  10,920.0 Total liabilities$29,400.0 Common stock3,360.0 Retained earnings    9,240.0 Total common equity$12,600.0 Total liabilities and equity$42,000.0   Income Statement (Millions of $)2016 Net sales$58,800.0 Operating costs except depr'n$55,274.0 Depreciation$  1,029.0 Earnings bef int and taxes (EBIT)$  2,497.0 Less interest    1,050.0 Earnings before taxes (EBT)$  1,447.0 Taxes$     314.0 Net income$  1,133.0 Other data: Shares outstanding (millions)175.00 Common dividends$   509.83 Int rate on notes payable & L-T bonds6.25% Federal plus state income tax rate21.7% Year-end stock price$77.69 Refer to the data for Pettijohn Inc. What is the firm's P/E ratio? A. 12.0 B. 12.6 C. 13.2 D. 13.9 E. 14.6

Business

The steps of the time management system, in order, are ______.

a. schedule each week, plan each week, plan each day b. schedule each week, plan each week, schedule each day c. plan each week, schedule each week, plan each day d. plan each week, schedule each week, schedule each day

Business

One thing a ________ will do is to show where the money is spent.

A) tax form B) net worth sheet C) budget sheet D) bank statement E) None of the answers are correct

Business