A tag attached to a tree in a nursery identifying the tree as a Southern Magnolia creates an express warranty

Indicate whether the statement is true or false


True

Business

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Pettijohn Inc.The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.

Balance Sheet (Millions of $) Assets2016 Cash and securities$  1,554.0 Accounts receivable9,660.0 Inventories  13,440.0 Total current assets$24,654.0 Net plant and equipment  17,346.0 Total assets$42,000.0 Liabilities and Equity Accounts payable$  7,980.0 Notes payable5,880.0 Accruals    4,620.0 Total current liabilities$18,480.0 Long-term bonds  10,920.0 Total liabilities$29,400.0 Common stock3,360.0 Retained earnings    9,240.0 Total common equity$12,600.0 Total liabilities and equity$42,000.0   Income Statement (Millions of $)2016 Net sales$58,800.0 Operating costs except depr'n$55,274.0 Depreciation$  1,029.0 Earnings bef int and taxes (EBIT)$  2,497.0 Less interest    1,050.0 Earnings before taxes (EBT)$  1,447.0 Taxes$     314.0 Net income$  1,133.0 Other data: Shares outstanding (millions)175.00 Common dividends$   509.83 Int rate on notes payable & L-T bonds6.25% Federal plus state income tax rate21.7% Year-end stock price$77.69 Refer to the data for Pettijohn Inc. What is the firm's P/E ratio? A. 12.0 B. 12.6 C. 13.2 D. 13.9 E. 14.6

Business

Studies show most effective sentences in business messages have an average length of ______.

A. five to 10 words B. 10 to 15 words C. 15 to 20 words D. 20 to 40 words

Business

State the criticisms of mediation

What will be an ideal response?

Business

The just-in-time philosophy applies only to the production floor of a manufacturing company

Indicate whether the statement is true or false.

Business