A corporation reports the following year-end balance sheet data. The company's equity ratio equals: Cash$40,000 Current liabilities$75,000 Accounts receivable 55,000 Long-term liabilities 35,000 Inventory 60,000 Common stock 100,000 Equipment 145,000 Retained earnings 90,000 Total assets$300,000 Total liabilities and equity$300,000
A. 0.63
B. 0.58
C. 2.07
D. 0.37
E. 1.27
Answer: A
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The basic purpose of informational reports is
A) to persuade the audience to act. B) to present recommendations and conclusions to a superior for how to solve a particular problem. C) to present data, facts, feedback, and other types of information, without analysis or recommendations. D) to convince the reader of the soundness of your thinking. E) to change the audience's opinion on your topic.
Payne Company provided the following information relevant to its inventory sales and purchases for December Year 1 and the first quarter of Year 2: Dec. Year 1Jan. Year 2Feb. Year 2Mar. Year 2 (Actual)(Budgeted)(Budgeted)(Budgeted)Cost of goods sold$80,000 $140,000 $180,000 $120,000 Desired ending inventory levels are 25% of the following month's projected cost of goods sold. The company purchases all inventory on account. January Year 2 budgeted purchases are $150,000. The normal schedule for inventory payments is 60% payment in month of purchase and 40% payment in month following purchase.Budgeted cash payments for inventory in February Year 2 would be:
A. $159,000. B. $132,600. C. $99,000. D. $152,600.
Routine request and response messages should be written using ________
A) the indirect strategy B) persuasive techniques C) the direct strategy D) heightened emotion
Which of the following is an important challenge facing managers today?
A. Solving business problems. B. Making business decision. C. Competing to win in today's market. D. All of these.