On a bank reconciliation, interest earned for the month is added to the cash balance per the books
a. True
b. False
Indicate whether the statement is true or false
True
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Standards for state and local governments are established by the
a. IRS. b. IASB. c. GASB. d. AICPA.
The student population of Moon University at the end of the last five years is provided in B2:B6. Which formula in B7 will allow you to determine the student population growth rate from the end of year 1 to the end of year 5?
a) =RATE(A6,0,B2,B6)
b) =RATE(A6+1,0,-B2,B6)
c) =RATE(COUNT(B2:B6)-1,0,-B2,B6)
d) =RATE(A2,0,B2,B6)
For 20x5, Sahara Company had average total assets of $520,000, sales of $450,000, net income of $50,000, net cash flows from operating activities of $75,000, dividend payments of $25,000, purchases of plant assets of $60,000, and sales of plant assets
of $55,000. Using this information, compute (a) cash flow yield, (b) cash flows to sales, (c) cash flows to assets, and (d) free cash flow. Round amounts to one decimal place.
As of December 31, 2013, Desert Junction Corporation had the following account balances: Cash: $100,000 Accounts Receivable: $27,000 Merchandise Inventory: $35,000 Property, Plant, & Equipment: $150,000 Accounts Payable: $42,000 Long-Term Notes Payable: $122,000 Common Stock: $110,000 Retained Earnings: $38,000 Net Sales totaled $350,000, Cost of Goods Sold was
$180,000, total Operating Expenses were $73,000 and Income Taxes Expense were $27,000 for that same year. On December 31, 2012, total assets were $336,000 and total liabilities were $154,000 . ??Desert Junction's return on assets for 2013 is: a. 1.042. b. 1.080. c. 0.244. d. 0.216.