How did Patricia Anderson's car get rear-ended?
a. The car stalled on the freeway and she was trying to get off the freeway when she was rear-ended
b. She was rear-ended by a car going 70 mph as she sat at a stop sign
c. She was not rear-ended; her car exploded at a stop sign
d. None of the above
.B
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[The following information applies to the questions displayed below.] The following information is taken from the balance sheet of Menendez Company on January 1, Year 1: Current Assets$12,000 Current Liabilities$4,000 Equipment 52,000 Long-term Liabilities 32,000 Land 36,000 Common Stock 64,000 Total Assets$100,000 Total Liab. & Equity$100,000 Use the information on January 1, Year 1 to determine the effect of the following entry on the current ratio of Menendez Company:Accounts payable2,000 Cash 2,000 How will this transaction affect the current ratio?
A. It have no effect on the current ratio. B. It will cause the current ratio to decrease. C. It will cause the current ratio to increase. D. It will potentially affect the current ratio, but the direction of the change cannot be determined without more information.
An adjudicatory hearing may be informal, not subject to procedural rules, so that the parties may negotiate a resolution without concern for details
a. True b. False Indicate whether the statement is true or false
Which of the following represents the different information formats?
A. Detail, summary, aggregate. B. Document, presentation, spreadsheet, database. C. Individual, department, enterprise. D. None of the above.
Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (4,200 units)$155,400Variable expenses 100,800Contribution margin 54,600Fixed expenses 42,400Net operating income$12,200If the company sells 4,600 units, its total contribution margin should be closest to:
A. $13,362 B. $54,600 C. $69,400 D. $59,800