Which of the following would be a preferred creditor in a corporate bankruptcy?
A) a supplier owed $35,000 for goods it had sold to the corporation
B) 40 employees who are each owed $2,000 in wages
C) a landlord owed 2 month's rent totaling $30,000
D) a car dealer with a chattel mortgage of $20,000 on one of the company's trucks
E) both B and C
E
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Northwest Lumber had a profit margin of 5.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8. What was the firm's ROE?
A. 12.79% B. 13.47% C. 14.18% D. 14.88% E. 15.63%
Break-even sales volume in units is determined by:
a. Dividing the fixed cost by the difference between the unit selling price and unit variable costs. b. Subtracting the fixed cost from the contribution margin. c. Dividing the fixed cost by the unit selling price. d. Subtracting the variable cost per unit from the unit selling price.
During 2017, the Garfield Humane Society, a voluntary health and welfare entity, received cash donations of $892,000 and membership dues of $62,000. A member of the Humane Society donated services valued at $8,000 that would otherwise have been performed by a paid staff member. A pet food manufacturer donated dog food valued at $16,400. The Humane Society received a gift of $140,000, to be used in building a new animal shelter. Also during 2017, investments held by the Humane Society earned interest of $2,000.Required:Prepare a schedule showing the amount that the Garfield Humane Society should have recorded for contributions from public support for 2017.
What will be an ideal response?
Diemans Corp has provided a part of its budget for the second quarter
Apr May Jun Cash collections $40,000 $40,000 $52,000 Cash payments: Purchases of direct materials 4,500 5,000 7,000 Operating expenses 7,200 7,000 4,500 Capital expenditures 5,000 0 10,000 The cash balance on April 1 is $14,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of April. A) $95,800 B) $54,000 C) $37,300 D) $65,300