Ruin Company's net sales for the period were $175,000. Its cost of goods sold was $85,000. What is this firm's gross profit on sales?
A. $175,000
B. $135,000
C. $125,000
D. $100,000
E. $90,000
Answer: E
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Expert power is
A. derived from the ability to allocate, dispense, or withhold resources. B. derived from occupying a particular job, office, or position in an organizational hierarchy. C. accorded to those who are seen as having achieved some level of command and mastery of specific information. D. derived from the ability to assemble and organize information to support the desired position, arguments, or outcomes.
Northington, Inc. is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from investing activities: Net income$182,000Gain on the sale of equipment 12,300Proceeds from the sale of equipment 92,300Depreciation expense?equipment 50,000Payment of bonds at maturity 100,000Purchase of land 200,000Issuance of common stock 300,000Increase in merchandise inventory 35,400Decrease in accounts receivable 28,800Increase in accounts payable 23,700Payment of cash dividends 32,000
A. ($207,700). B. ($139,700). C. $107,700. D. ($200,000). E. ($107,700).
Which of the following statements about public offerings is NOT true?
A) A public offering is the most common type (vs private) for equity securities. B) Public offerings are usually more expensive than a private placement. C) The issuing process typically completes within one month. D) All of the above are true.
An aspect of ________ is forecasting operating cash flow and ultimately the profitability of the company in the coming period
A) short-term financial planning B) medium-term financial planning C) long-term financial planning D) short-term financial investing