The greatest ownership interest a person may have in real property is:
a. fee simple absolute.
b. tenancy by the entireties.
c. life estate.
d. vested remainder.
a
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Explain three ways in which Big Data can help marketers create competitive advantages
What will be an ideal response?
Under accrual accounting, revenues are recognized when
a. the firm has performed all, or most of, the services it expects to provide. b. the firm has received cash, or some other asset such as a receivable, whose cash-equivalent value it can measure with reasonable precision. c. the firm has significant uncertainty about the amount and timing of the cash inflows and outflows from the sales transaction. d. both a and b must be present. e. none of the above.
Which of the following is an equation to determine the break-even point (BEP) in units?
A) BEP = fixed cost / selling price per unit - variable cost per unit) B) BEP = fixed cost / (selling price per unit - variable cost per unit) C) BEP = variable cost / (selling price per unit - fixed cost) D) BEP = variable cost / (fixed cost - selling price per unit) E) BEP = fixed cost / (selling price per unit + variable cost per unit)
Kilduff Corporation's balance sheet and income statement appear below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Cash and cash equivalents$36 $38 Accounts receivable 36 32 Inventory 49 55 Property, plant and equipment 707 580 Less accumulated depreciation 316 315 Total assets$512 $390 Liabilities and stockholders' equity: Accounts payable$71 $64 Accrued liabilities 22 19 Income taxes payable 34 41 Bonds payable 71 100 Common stock 32 30 Retained earnings 282 136 Total liabilities and stockholders' equity$512 $390 Income Statement?Sales$1,174Cost of goods sold 771Gross margin 403Selling and administrative expense 146Net operating income257Gain on sale of equipment
14Income before taxes271Income taxes 81Net income $190The company sold equipment for $19 that was originally purchased for $10 and that had accumulated depreciation of $5. The company paid a cash dividend of $44 and it did not issue any bonds payable or repurchase any of its own common stock.The net cash provided by (used in) operating activities for the year was: A. $187 B. $201 C. $257 D. $231