Balance sheet and income statement data indicate the following: Bonds payable, 8% (issued 1990, due 2015 ) $1,200,000 Preferred 8% stock, $100 par (no change during the year) 200,000 Common stock, $50 par (no change during the year) 1,000,000 Income before income tax for year 320,000 Income tax for year 80,000 Common dividends paid 60,000 Preferred dividends paid 16,000 Based on the data
presented above, what is the number of times bond interest charges were earned (round to two decimal places)?
A) 5.67
B) 4.33
C) 3.24
D) 3.50
B
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Individuals displaying the five major leadership traits outlined in the text ______.
A. are leaders in their workplace B. are beloved by their followers C. may be leaders in their workplace D. also display dominance in their workplace
Dilly LLC, wants to make a profit of $30,000 . It has variable costs of $66 per unit and fixed costs of $20,000 . How much must it charge per unit if 5,000 units are sold?
a. $51 b. $36 c. $66 d. $76
The primacy effect is said to persist due to ______, where initial information affects the conclusion one draws, and this conclusion then impacts later judgments.
A. stereotypes B. recency effect C. belief perseverance D. belief updating
A company uses a process costing system. Its Welding Department completed and transferred out 100,000 units during the current period. The ending inventory in the Welding Department consists of 30,000 units (75% complete with respect to direct materials and 40% complete with respect to conversion costs). Determine the equivalent units of production for the Welding Department for direct materials and conversion costs assuming the weighted average method.
A. 107,500 materials; 118,000 conversion. B. 112,500 materials; 130,000 conversion. C. 122,500 materials; 112,000 conversion. D. 130,000 materials; 112,000 conversion. E. 130,000 materials; 130,000 conversion.