Distributorship is a form of licensing in which the owner of intellectual property grants permission to a foreign business under carefully specified conditions
Indicate whether the statement is true or false
false
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Presented below are selected data from the financial statements of Wizard Corp 2017 2016 Net income $150,000 $120,000 Cash dividends paid on preferred stock $15,000 $15,000 Cash dividends paid on common stock $42,000 $38,000 Weighted average number of preferred shares outstanding 20,000 20,000 Weighted average number of common shares outstanding 105,000 95,000 Earnings per share is reported on
the 2017 income statement as a. $1.08 b. $1.20 c. $1.29 d. $1.43
Chicago Co is interested in purchasing a machine that would improve its operational efficiency. The cost is $200,000 with an estimated residual value of $20,000 and a useful life of eight years. Cash inflows are expected to increase by $40,000 a year. The company's minimum rate of return is 10 percent. The present value of $1 for eight years at 10 percent is 0.467, and the present value of an
annuity of $1 at 10 percent and eight years is 5.335. The project earns a rate of return of a. Unable to determine from the data given b. greater than 10 percent. c. less than 10 percent. d. 10 percent.
Carolina Potato Inc currently sells cut sweet potatoes for $.85 per can. The cost of producing the sweet potatoes is $.18 per can. Carolina Potato is considering starting a line of mashed sweet potatoes. The additional processing costs would be $.06 per can and each can would sell for $.95. Which of the following pieces of information is not relevant to the decision to sell or process further?
A) $.06 additional processing cost B) $.18 production cost C) $.95 sales price D) demand for pureed sweet potatoes
The issue price of bonds is found by computing the future value of the bond's cash payments, discounted at the contract rate of interest.
Answer the following statement true (T) or false (F)