"Beginning of construction" is defined as when the first work is done or the first equipment is placed on the property
Indicate whether the statement is true or false
True
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Which combination of ratios will best analyze Stetson's income statement performance?
a. Earnings per share, gross profit, and profit margin ratio b. Gross profit ratio, return on common stockholders' equity ratio, debt-to-equity ratio c. Debt-to-equity ratio, gross profit ratio, and profit margin ratio d. Current ratio, gross profit ratio, and return on common stockholders' equity ratio
(CMA adapted, Dec 93 #17) Norton Inc has a 2 to 1 current ratio. This ratio would increase to more than 2 to 1 if
a. a previously declared stock dividend were distributed. b. the company wrote off an uncollectible receivable. c. the company sold merchandise on open account that earned a normal gross margin. d. the company purchased inventory on open account. e. none of the above.
Alcan Chemicals hires a new sales manager. He doesn't get along with one of the company's salespeople, Natalie Storey. The two fight and argue constantly
To end the problem, the company transfers Natalie to the position of head shipper in the warehouse. Although this position pays the same salary, Natalie refuses to accept it, quits, and sues for wrongful dismissal. Which of the following is TRUE? A) The company has the right to make management decisions and transferring Natalie was a legitimate exercise of that function. B) The company has constructively dismissed Natalie. C) Personality conflict is not a just cause for dismissal. D) The offer by the company of the alternative position of head shipper is a good defence to Natalie's action. E) Both B and C
A portfolio of ten companies is formed. In a third-to-default swap (Circle one)
A. There is a payoff when the third default on the portfolio happens B. There is a payoff when the first, second and third companies defaults happen C. There is a payoff when the third, fourth, fifth…tenth companies defaults happen D. None of the above