Retail franchisees generally have a large degree of latitude in the operation of their businesses
Indicate whether the statement is true or false
False
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The following information pertains to Raleigh Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 30,000 Inventory 25,000 Property, plant and equipment 215,000 Total Assets $310,000 Liabilities and Stockholders' Equity Current liabilities $
60,000 Long-term liabilities 95,000 Stockholders' equity-common 155,000 Total Liabilities and stockholders' equity $310,000 Income Statement Sales $ 90,000 Cost of goods sold 45,000 Gross margin 45,000 Operating expenses 20,000 Net income $ 25,000 Number of shares of common stock 6,000 Market price of common stock $20 What is the current ratio for this company? A) 1.42 B) 0.78 C) 1.58 D) 0.67
Lang Industries received payments from customers who had been billed earlier for services provided. What effect does this transaction have on Lang's accounting equation?
A) Assets and liabilities increase. B) Assets and stockholders' equity increase. C) Assets and liabilities decrease. D) There is no net effect on the accounting equation, as one asset account increases while another asset account decreases.
________ is a process of producing an idea or opportunity that is novel and useful, frequently derived from making connections among distinct ideas or opportunities.
A. Prototyping B. Benchmarking C. Incubation D. Creativity
Wiggins Company has 2100 shares of $100 par preferred stock, which were issued at par. It also has 24,000 shares of common stock outstanding, and its total stockholders' equity equals $620,400. The book value per common share is:
A. $23.77. B. $17.10. C. $25.85. D. $15.72. E. $100.00.