Connor Martin Corporation's balance sheet showed the following amounts: Current Liabilities, $10,000; Bonds Payable, $3,000; Lease Obligations, $4,000; and Notes Payable, $600 . Total stockholders' equity was $12,000 . The debt-to-equity ratio is:
a. 0.83.
b. 1.47.
c. 1.42.
d. 0.63.
b
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Which of the following options is a term psychologists use to refer to the complexity of cognitive rules that a person employs to process information?
A. emotional intelligence B. integrative complexity C. perspective-taking ability D. cultural intelligence
When units produced equal units sold, reported income is identical under absorption costing and variable costing.
Answer the following statement true (T) or false (F)
Kellner Motor Co.'s stock has a required rate of return of 11.50%, and it sells for $25.00 per share. Kellner's dividend is expected to grow at a constant rate of 7.00%. What was the last dividend, D0?
A. $0.95 B. $1.05 C. $1.16 D. $1.27 E. $1.40
S. Green Consulting paid $2,500 cash for a 5-month insurance policy which begins on December 1. Given the choices below, determine the general journal entry that S. Green Consulting will make to record the cash payment. Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts.
A.
| Insurance Expense | 2,500 | |
| Cash | 2,500 |
B.
| Prepaid Insurance | 2,500 | |
| Cash | 2,500 |
C.
| Cash | 2,500 | |
| Insurance Expense | 2,500 |
D.
| Insurance Expense | 2,500 | |
| Prepaid Insurance | 2,500 |
E.
| Cash | 2,500 | |
| Prepaid Insurance | 2,500 |