The journal entry for $17,000 materials purchased on account is: Raw Materials ...................... 17,000 Accounts Payable ...... 17,000
Indicate whether the statement is true or false
True
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The typical steps in financial statement analysis and valuation include(s):
a. value the firm. b. identify the industry economic characteristics and firm's strategy. c. calculate and interpret profitability and risk ratios. d. prepare pro forma, or projected financial statements. e. all of the above.
Strategic planning:
a. should be an annual exercise. b. should not be influenced by managerial intuition. c. should be done independently by company shareholders. d. should be based on creativity.
Human capital is owned by an organization and is part of its core competencies.
Answer the following statement true (T) or false (F)
The Charleston Company is a relatively small, privately owned firm. Last year the company had an after-tax income of $15,000 and 10,000 shares were outstanding. The owners were trying to determine the market value for the stock prior to taking the company public. A similar firm, which is publicly traded, had a price/earnings ratio of 5.0. Using only the information given, the market value of one share of Charleston's stock is estimated as:?
A. ?$10.00. B. ?$7.50. C. ?$5.00. D. ?$2.50. E. ?$1.50.