Answer the following statements true (T) or false (F)
Transactions are economic or financial events that are recorded in the firm’s accounts.
ANSWER: T
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The Food and Drug Administration regulates and oversees:
A) mailed marketing materials B) packaging and labeling of products, advertising on food products, and advertising of drugs C) television, radio, and the telephone industries D) the amount of time that television stations are permitted to advertise to children
The times interest earned ratio is a measure of
a. profitability; b. liquidity; c. leverage; d. interest return; e. return on revenue
When a company receives a product previously ordered, a recordable transaction has occurred
Indicate whether the statement is true or false
The Phibbs Company paid total cash dividends of $200,000 on 25,000 outstanding common shares. On the most recent trading day, the common shares sold at $80. What is this company's dividend yield?
A. 10% B. 16.9% C. 6.4% D. 25%