Federal administrative agencies must, within one year after creating records, make them available by electronic means

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Hometown Resources, Inc. has a 9% rate of return on total assets and the industry average is 12%. How was the 9% rate of return on total assets computed? Comment on this information.

What will be an ideal response?

Business

How busy is the octogenarian usher described in Scenario B.1?

A) 74% busy B) 83% busy C) 91% busy D) 100% busy

Business

Smith Motors Inc manufactures, distributes, and services automotive parts and engines worldwide. Smiths' income statement for the year just ending is shown below

Assume that today is the first day of Year 2 and that Smith's common shares are trading at a price of $68. In its most recent Management Discussion and Analysis (MD&A) Smith's management forecast earnings-per-share of $6 for Year 2. If Smith maintains its Year 1 payout ratio, then what will the dividend (per share) be in Year 2? Smith Motors Inc. Income Statement Year 1 ($000,000's) Revenue $20,995 COGS 15,624 SG&A 2,466 Dep. Exp. 247 EBIT 2,658 Int. Exp. 55 Pre-Tax Income 2,603 Income Tax 898 Net Income 1,705 Shares Outstanding (millions) 205 Total Common Dividends $300.5 A) $0.77 B) $1.06 C) $1.44 D) $1.86 E) $2.06

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Credit cards date back to

A) prior to World War II. B) just after World War II. C) the early 1950s. D) the late 1950s.

Business