Practical capacity and engineering capacity are synonymous terms
Indicate whether the statement is true or false
True
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Market share pricing is also known as:
A) competitive pricing. B) investment pricing. C) penetration pricing. D) skimming.
A common concern among individuals who construct metrics and analytics reports is
a. they can lead to erroneous managerial actions b. whether anyone pays any attention to their reports c. poor reporting of data elements to form metrics by the HR department d. that the computer software is capable of handling the magnitude of data
Use the "percent of sales method" of preparing pro forma financial statements to determine the
projection for next year's cost of goods sold. Make the following assumptions: current year's sales are $27,800,000; current year's cost of goods sold is $17,528,000; sales are expected to rise by 30%. What is the projection for next year's cost of goods sold? A) $20,481,000 B) $21,459,200 C) $21,138,900 D) $22,786,400
Sidell Corporation's most recent balance sheet and income statement appear below:Balance SheetDecember 31, Year 2 and Year 1(in thousands of dollars)AssetsYear 2Year 1Current assets: Cash$180 $100 Accounts receivable, net 220 200 Inventory 180 200 Prepaid expenses 20 20 Total current assets 600 520 Plant and equipment, net 660 720 Total assets$ 1,260 $ 1,240 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$130 $130 Accrued liabilities 20 20 Notes payable, short term 100 90 Total current liabilities 250 240 Bonds payable 180 200 Total liabilities 430 440 Stockholders' equity: Common stock, $1 par value 200 200 Additional
paid-in capital 300 300 Retained earnings 330 300 Total stockholders' equity 830 800 Total liabilities & stockholders' equity$ 1,260 $ 1,240 Income StatementFor the Year Ended December 31, Year 2(in thousands of dollars)Sales (all on account)$1,230 Cost of goods sold 780 Gross margin 450 Selling and administrative expenses 235 Net operating income 215 Interest expense 29 Net income before taxes 186 Income taxes (30%) 56 Net income$ 130 Required:Compute the following for Year 2:a. Times interest earned ratio.b. Debt-to-equity ratio. What will be an ideal response?