Generally, costly one-of-a-kind merchandise is evaluated via inspection
Indicate whether the statement is true or false
True
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Macmillan Corporation has provided the following financial data:Balance SheetDecember 31, Year 2 and Year 1AssetsYear 2Year 1Current assets: Cash$156,000 $120,000 Accounts receivable, net 268,000 280,000 Inventory 146,000 130,000 Prepaid expenses 20,000 20,000 Total current assets 590,000 550,000 Plant and equipment, net 732,000 760,000 Total assets$ 1,322,000 $ 1,310,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$175,000 $180,000 Accrued liabilities 46,000 50,000 Notes payable, short term 80,000 80,000 Total current liabilities 301,000 310,000 Bonds payable 190,000 190,000 Total liabilities 491,000 500,000 Stockholders' equity: Common
stock, $5 par value 450,000 450,000 Additional paid-in capital 70,000 70,000 Retained earnings 311,000 290,000 Total stockholders' equity 831,000 810,000 Total liabilities & stockholders' equity$ 1,322,000 $ 1,310,000 Income Statement-Year 2For the Year Ended December 31, Year 2Sales (all on account)$1,390,000 Cost of goods sold 830,000 Gross margin 560,000 Operating expenses 500,615 Net operating income 59,385 Interest expense 16,000 Net income before taxes 43,385 Income taxes (35%) 15,185 Net income$ 28,200 Dividends on common stock during Year 2 totaled $7,200. The market price of common stock at the end of Year 2 was $3.69 per share.The company's current ratio at the end of Year 2 is closest to: A. 1.96 B. 0.45 C. 0.83 D. 0.37
Answer the following statements true (T) or false (F)
The Securities Act of 1933 and the Securities and Exchange Act of 1934 were the first national securities legislations in the United States.
In the immediate marketing environment, the first factor that affects the consumer is
A. social trends. B. technological advances. C. the firm itself. D. demographics. E. cultural values.
The metric that measures the percentage of an order shipped on time and complete is referred to as ________ ________.
Fill in the blank(s) with the appropriate word(s).