A company performs 20 days of work on a 30-day contract before the end of the year. The total contract is valued at $6,000 and payment is not due until the contract is fully completed. The required adjusting entry includes a $4,000 credit to Unearned Revenue.
Answer the following statement true (T) or false (F)
False
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If Frank buys a used car from Honest Bob's Used Cars, and Frank is a minor, the parties have a(n) ________ contract.
A. valid B. voidable C. unconscionable D. unenforceable
Last year Gator Getters, Inc had $50 million in total assets. Management desires to increase its plant and
equipment during the coming year by $12 million. The company plans to finance 40 percent of the expansion with debt and the remaining 60 percent with equity capital. Bond financing will be at a 9 percent rate and will be sold at its par value. Common stock is currently selling for $50 per share, and flotation costs for new common stock will amount to $5 per share. The expected dividend next year for Gator is $2.50. Furthermore, dividends are expected to grow at a 6 percent rate far into the future. The marginal corporate tax rate is 34 percent. Internal funding available from additions to retained earnings is $4,000,000. a. What amount of new common stock must be sold if the existing capital structure is to be maintained? b. Calculate the weighted marginal cost of capital at an investment level of $12 million.
One of the calendar effect market anomalies indicates that ________ in value during January
A) large cap stocks tend to decline B) equities in general tend to decline C) small cap stocks tend to increase D) equities in general tend to increase
Selection bias occurs when researchers select biased questions to include on a survey
Indicate whether the statement is true or false