Raymond is considering whether to advertise on the placemats used in many local restaurants. One of the arguments in favor of this action is:
A. publicity is important to a small business and should be used at every opportunity.
B. you never know who might see the ad on the placemat.
C. the cost of printing is shared with many other local businesses.
D. every ad will generate approximately 1,000% of its cost in revenues.
Answer: A
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The Williams Act amendments to the 1934 Act were designed to:
A. protect investors from promoters and security salespersons who offered stock in companies organized to pursue visionary schemes. B. force corporations to comply with stockholders' social goals of meeting the EPA's new source emission standards. C. provide penalties for fraudulent sales and permit the issuance of injunctions to protect investors from anticipated fraudulent acts. D. give the bidder and the target company equal opportunities to present their cases to the shareholders.
If a physical count of inventory indicates that the Merchandise Inventory account is overstated, an adjusting entry is required to record the difference
Indicate whether the statement is true or false
Use the following information from the current year financial statements of a company to calculate the ratios below:(a) Current ratio.(b) Accounts receivable turnover. (Assume the prior year's accounts receivable balance was $100,000.)(c) Days' sales uncollected.(d) Inventory turnover. (Assume the prior year's inventory was $50,200.)(e) Times interest earned ratio.(f) Return on common stockholders' equity. (Assume the prior year's common stock balance was $480,000 and the retained earnings balance was $128,000.)(g) Earnings per share (assuming the corporation has a simple capital structure, with only common stock outstanding).(h) Price earnings ratio. (Assume the company's stock is selling for $26 per share.)(i) Divided yield ratio. (Assume that the company paid $1.25 per share in cash
dividends.)Income statement data:?Sales (all on credit) $1,075,000Cost of goods sold575,000Gross profit on sales $ 500,000Operating expenses305,000Operating income$ 195,000Interest expense20,400Income before taxes$ 174,600Income taxes74,000Net income$ 100,600Balance sheet data:?Cash$ 38,400Accounts receivable120,000Inventory56,700Prepaid Expenses24,000Total current assets$239,100Total plant assets708,900Total assets$948,000Accounts payable$ 91,200Interest payable4,800Long-term liabilities204,000Total liabilities$300,000Common stock, $10 par480,000Retained earnings168,000Total liabilities and equity$948,000 What will be an ideal response?
A furniture manufacturer like Thomasville would be concerned with the producer price index because it
A. is related to the real gross domestic product. B. measures prices that manufacturers must pay for lumber and other raw materials used in the manufacturing process. C. tracks the cost of housing and transportation. D. is published daily. E. measures the effect of interest rates on the economy.