A company has a net loss for the year of $(10,000,000) and a deficit (negative equity) of $(1,000,000). ROE will be
A) 1000% indicating an exceptional opportunity.
B) 1000% and meaningless.
C) -1000% indicating that the company is in dire straits.
D) 10.
Answer: B
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Explain how each of the following items should be reported by a corporation: (1) The accounting department discovered that an entry was made last year to Insurance Expense instead of to Prepaid Insurance. The after-tax effect of the charge to Insurance Expense was $5,000.(2) The accounting department determined the depreciable lives of equipment will be five years instead of the original estimate of seven years.
What will be an ideal response?
If a party requests sensitive documents, such as a trade secret, the order will not be granted unless the court remains in possession of the evidence at all times
a. True b. False Indicate whether the statement is true or false
X-charts are used for:
a. averages of variables data. b. individual attributes data. c. individual variables data. d. averages of attributes data.
Mirkle Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activity Cost PoolsActivity RateAssembling products$6.56per assembly hourProcessing customer orders$65.38per customer orderSetting up batches$82.84per batchData for one of the company's products follow: Product P59GNumber of assembly hours240Number of customer orders48Number of batches64The company produced 4,000 units of product during the period. Direct materials cost $7.30 per unit and direct labor cost $5.45 per unit. How much total cost would be assigned to the 4,000 units of Product P59G using the activity-based costing system?
A. $39,214.40 B. $31,814.40 C. $10,014.40 D. $51,000.00 E. $61,014.40