When the market value of available-for-sale securities exceeds cost, an unrealized gain appears in stockholders' equity as an addition
Indicate whether the statement is true or false
T
You might also like to view...
The following is a type of future interest:
A) Reversion. B) Remainder. C) Both of the above. D) None of the above.
Mango Corporation believes that Melon Corporation engages in anticom¬peti-tive behavior in an attempt to drive Mango and its other competitors out of the market. Antitrust laws can be enforced against Melon by
a. Mango and Melon's other competitors. b. Mango and Melon's customers. c. any federal government agency. d. any business with a significant impact on interstate commerce.
Fancy Incorporated and Thrift Specialty both offer men's formal footwear. Thrift offers lower-to-middle priced footwear, whereas Fancy offers more specialized, higher-end footwear. The average price for a pair of shoes in Thrift may be about $40, whereas the average price in Fancy may be about $200. The types of shoes offered by Fancy are not sold by many other stores. Suppose Thrift and Fancy report the following amounts for men's shoes in the same year (company names are disguised):?Company 1Company 2Net sales$120,000$120,000Cost of goods sold46,00080,000Gross profit$74,000$40,000Average inventory$23,000$20,000Required: 1. For Company 1 and Company 2, calculate the inventory turnover ratio.2. For Company 1 and Company 2, calculate the gross profit ratio.3. After comparing the
inventory turnover ratios and gross profit ratios, which company do you think is Thrift and which is Fancy? Explain. What will be an ideal response?
The Rug Barn has paid annual dividends of $1.30, $1.36, $1.40, $1.42, and $1.45 over the last 5 years, respectively. What is the geometric average dividend growth rate?
A. 2.39 percent B. 2.77 percent C. 2.11 percent D. 2.55 percent E. 1.98 percent