A company had net sales of $340,500, its cost of goods sold was $257,000, and its net income was $13,750. The company's gross margin ratio equals 24.5%.
Answer the following statement true (T) or false (F)
True
Gross Margin Ratio = (Sales ? Cost of Goods Sold)/Sales
Gross Margin Ratio = ($340,500 ? $257,000)/$340,500 = 24.5%
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Healthy Farmer, Inc. has 46,000 shares of common stock outstanding and 3000 shares of preferred stock outstanding. The common stock is $0.03 par value; the preferred stock is 7% noncumulative with a $100.00 par value. On October 15, 2019, the company declares a total dividend payment of $43,000. What is the total amount of dividends that will be paid to the common stockholders?
A) $43,000 B) $22,000 C) $1380 D) $9000
Which of the following factors leads to problems in implementing CPFR?
A. supply chain partners unable to determine common goals B. collaboration among supply chain partners in sharing sensitive information C. supply chain partners left to determine common goals D. collaboration among supply chain partners in demand planning and forecasting
Which of the following is a feature of cumulative preferred stock?
A) Dividends in arrears are paid to both preferred and common stockholders. B) Dividends in arrears are paid to preferred stockholders whenever a dividend is declared by the corporation. C) Dividends accumulate and must be paid each year. D) Dividends in arrears are paid to common stockholders.
Design is a one-time job
Indicate whether the statement is true or false