Which of the following would be a red flag in a financial statement analysis?
A) High debt ratio
B) High inventory turnover ratio
C) High price-earnings ratio
D) High earnings per share ratio
A) High debt ratio
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Maria did not pay her Federal income tax on time. When she eventually filed the return, she reported a balance due. Compute Maria’s failure to file penalty in each of the following cases. Disregard any failure to pay penalty. a.Three months late, $500 additional tax due.b.Four months late, $2,000 additional tax due.c.Ten months late, $10,000 additional tax due.d.Four months late due to fraud by Maria, $10,000 additional tax due.e.Fifteen months late due to fraud by Maria, $10,000 additional tax due.
What will be an ideal response?
Don asked Karen to marry him and gave her a 1/2-carat diamond engagement ring. Three months later, Karen broke the engagement because she decided she was not ready for marriage yet. According to most courts, Don may:
a. not recover the ring because it was a gift. b. recover the ring because he did not break the engagement and the gift was conditional. c. not recover the ring even if the marriage does not take place because gifts cannot be conditional. d. not recover the ring unless the reason the marriage was called off was Karen's death.
An ad for a tennis camp shows a background photo of tennis balls on which the camp's dates and locations are printed. Which of the following was most likely responsible for the tennis ball photo?
A. the copywriter B. the art director C. the PR representative D. the publicity expert E. the layout artist
Researchers determined that 60 Puffs tissues is the average number of tissues used during a cold. Suppose a random sample of 100 Puffs users yielded the following data on the number of tissues used during a cold: = 52 and s = 22 . Suppose the test statistic does not fall in the rejection region at ? = 0.05 . Which of the following conclusions is correct?
a. At ? = 0.05, we do not reject H0 . c. At ? = 0.05, we accept H0. b. At ? = 0.05, we reject H0 . d. Both a and c.