Glen, the owner of Harvest Farm, and Ima, the tenant of the farmhouse on the property, may create a fixed-term tenancy by
A. deed.
B. express contract.
C. implication.
D. sufferance.
Answer: B
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In spite of the high technology employed in ERP systems, critical business controls such as a three way match are always performed manually
Indicate whether the statement is true or false
Trading on the equity is likely to be a good financial strategy for stockholders of companies having:
a. Cyclically high and low amounts of reported earnings. b. Steadily declining amounts of reported earnings. c. Volatile fluctuations in reported earnings over short periods of time. d. Steady amounts of reported earnings.
Office Systems Corporation manufactures and sells various high-tech office automation products. Two divisions of Office Systems Corporation are the Computer Chip Division and the Computer Division. The Computer Chip Division manufactures one product, a "super chip," that can be used by both the Computer Division and other external customers. The following information is available on this month's
operations in the Computer Chip Division: Selling price per chip $50 Variable costs per chip $20 Fixed production costs $60,000 Fixed SG&A costs $90,000 Monthly capacity 10,000 chips External sales 6,000 chips Internal sales 0 chips Presently, the Computer Division purchases no chips from the Computer Chips Division, but instead pays $45 to an external supplier for the 4,000 chips it needs each month. Refer to Office Systems Corporation. Two possible transfer prices (for 4,000 units) are under consideration by the two divisions: $35 and $40 . Corporate profits would be ____ if $35 is selected as the transfer price rather than $40. a. $20,000 larger b. $40,000 larger c. $20,000 smaller d. the same
Financial information for Sigma Company is presented below. Calculate the following ratios for Year 2:(a) Inventory turnover.(b) Accounts receivable turnover.(c) Return on total assets.(d) Times interest earned.(e) Total asset turnover.?Year 2Year 1Assets:??Cash$ 18,000$ 22,000Marketable securities25,0000Accounts receivable38,00042,000Inventory61,00052,000Prepaid insurance6,0009,000Long-term investments49,00020,000Plant assets, net218,000 225,000Total assets$415,000$370,000???Net income after interest expense and taxes$ 62,250?Sales (all on credit)305,000?Cost of goods sold123,000?Interest expense15,600?Income tax expense27,000?
What will be an ideal response?