Union members who work at SignalCorp began wearing their union buttons at work. Management can bar them from wearing those buttons while on duty.
Answer the following statement true (T) or false (F)
False
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When the amount for a debit entry in a journal is transferred to a specific account in the general ledger, it must be recorded
a. as a debit to that account in the general ledger. b. as a credit to that account in the general ledger. c. in sum only, without any regard for debit or credit, since the general ledger accounts do not have spaces for debit and credit entries. d. cannot be determined without further information.
Marketing return on sales equals ________
A) profits/sales revenues x 100% B) gross margin/sales revenues x 100% C) net marketing contribution/sales x 100% D) net marketing contribution/marketing sales & expenses x 100% E) sales revenues x % gross margin
Which statement best reflects the issues associated with the computation of diluted earnings per share?
A) Diluted earnings per share represent the potential impact of all shares of common stock. B) When presenting comparative financial statements, the impact of convertible bonds must be included for both years. C) Common stock options are considered dilutive when the average market price is greater than the option price. D) The impact on the denominator is always the determinate of whether or not to use diluted earnings per share.
Alan Arnold has just turned 65 . He has $100,000 to invest in a retirement annuity. One investment company has offered to pay Alan $10,000 per year for 15 years (payments to begin in one year) in exchange for an immediate $100,000 payment. If Alan accepts the offer from the investment company, what is his expected return on the $100,000 investment (assume a return that is compounded annually)?
Present value tables or a financial calculator are required. a. between 5 and 6 percent b. between 6 and 7 percent c. between 7 and 8 percent d. between 8 and 9 percent