Dividing the NMC by the investment in marketing and sales produces the marketing return on investment
Indicate whether the statement is true or false
Answer: True
You might also like to view...
Shaw Corporation reported stockholders' equity on December 31 of the prior year as follows: Common stock, $5 par value, 1,000,000 shares authorized, 500,000 shares issued…….$2,500,000Paid-in capital in excess of par, common stock...1,000,000Retained earnings……………………………….3,000,000The following selected transactions occurred during the current year:Feb. 15The board of directors declared a 5% stock dividend to stockholders of record on March 1, payable March 20. The stock was selling for $8 per share.Mar. 9Distributed the stock dividend.May 1A cash dividend of $0.30 per share was declared by the board of directors to stockholders of record on May 20, payable June 1.June 1Paid the cash dividend.Aug. 20The board decided to split the stock 4-for-1, effective on
September 1.Sept. 1Stock split 4-for-1.Dec. 31Earned a net income of $800,000 for the current year.Prepare a statement of retained earnings as of December 31 of the current year. What will be an ideal response?
Revising for content includes determining whether your sentences have the proper rhythm and flow
Indicate whether the statement is true or false
Which of the following entries would be made as the result of the revenue recognition principle?
A) Service Expense 1,000 Service Revenue 1,000 B) Accounts Receivable 1,000 Service Revenue 1,000 C) Salaries Expense 1,000 Accounts Payable 1,000 D) Depreciation Expense 1,000 Accumulated Depreciation 1,000
Elias works at Lenno Landscaping as a mower. He is paid a set rate for each lawn that he mows. Elias receives piecework compensation.
Answer the following statement true (T) or false (F)