Sun City Corporation's end-of-year balance sheet consisted of the following amounts: Cash $ 25,000 Accounts receivable $ 70,000 Property, plant, and equipment 70,000 Long-term debt 40,000 Capital stock 100,000 Accounts payable 20,000 Retained earnings ? Inventory 35,000 What amount should Sun City report on its balance sheet for total assets?
a. $100,000
b. $95,000
c. $165,000
d. $200,000
d
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Deb and Earl are involved in a judicial proceeding for the resolution of a dispute. This is
A) an action. B) a breach. C) an injunction. D) a remedy.
Ralph has used all but one day of his personal leave time (PLT). His company's policy is that PLT can be used for illness, family needs, or medical appointments. Ralph has used his PLT days when he was hung over or when a friend wanted to spend the day with him. Ralph's grandmother, to whom he is very close, passed away, and he would like to go to her funeral, but it will take a day of travel, a
day for the funeral, and a day to return. Ralph has asked his supervisor for additional time off in order to go to the funeral. Which of the following is correct? a. If Ralph were an employer, he would see his request differently. b. Companies need to provide additional days when employees request them for a good reason. c. Ralph should receive the extra days because everybody uses PLT for sketchy reasons. d. Giving Ralph the extra days does not affect other employees.
Which of the following statements about trading operations in an organized exchange is correct?
A) Floor traders all deal in a wide variety of stocks. B) In most trades, specialists match buy and sell orders. C) In most trades, specialists buy for or sell from their own inventories. D) The SuperDOT system is used to expedite large trades of over 100,000 shares.
Why does it cost so much to trade with a full service broker?
A) Full service brokers offer stock research and investment advice. B) Full service brokers offer many different customer services. C) Full service brokers provide a one-on-one personal relationship with the customer. D) All of the above are correct.