Identification may be made by either the seller or the buyer
a. True
b. False
Indicate whether the statement is true or false
True
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Marrow Company has a large portion of its plant assets concentrated in an area where technology is changing rapidly. Marrow wants to minimize taxable income and maximize net income reported to stockholders. Recommend a course of action for Marrow. Support your recommendation
Which term below means flexible working hours whereby an employee can customize his or her own work hours within limits established by management?
a. Flextime b. Compressed workweek c. Job sharing d. Telecommuting
Jaquez Corporation has provided the following financial data: Year 2Year 1Total assets$1,466,000 $1,460,000 Total liabilities$573,000 $590,000 Stockholders' equity: Common stock, $3 par value$300,000 $300,000 Additional paid-in capital 60,000 60,000 Retained earnings 533,000 510,000 Total stockholders' equity$893,000 $870,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,450,000 Cost of goods sold 850,000 Gross margin 600,000 Operating expenses 530,231 Net operating income 69,769 Interest expense 19,000 Net income before taxes 50,769 Income taxes (35%) 17,769 Net income$33,000 Dividends on common stock during Year 2 totaled $10,000. The market price of common stock at the end of Year 2 was $5.45 per
share.Required:a. What is the company's times interest earned ratio for Year 2?b. What is the company's debt-to-equity ratio at the end of Year 2?c. What is the company's equity multiplier at the end of Year 2?d. What is the company's net profit margin percentage for Year 2?e. What is the company's gross margin percentage for Year 2?f. What is the company's return on total assets for Year 2?g. What is the company's return on equity for Year 2?h. What is thecompany's earnings per share for Year 2?i. What is the company's price-earnings ratio for Year 2?j. What is thecompany's dividend payout ratio for Year 2?k. What is thecompany's dividend yield ratio for Year 2?l. What is the company's book value per share at the end of Year 2? What will be an ideal response?
Which of the following is not a benefit of budgeting?
A. It formalizes a manager's planning efforts. B. It sets benchmarks for evaluation performance. C. It uncovers potential bottlenecks. D. It reduces the need for tracking actual cost activity.