Which of the following is NOT a letter in the Greek alphabet?
A. delta
B. rho
C. vega
D. gamma
C
Vega, although it is referred to a "Greek letter" by option traders, is not a letter in the Greek alphabet.
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The last-in, first-out cost flow method assigns the cost of the items purchased first to ending inventory.
Answer the following statement true (T) or false (F)
Ashley would like to propose to the board of directors of Mountain Corporation that it distribute eight percent of its pre-tax yearly income to provide housing to homeless veterans. To Milton Friedman, Ashley's proposal would be considered unethical, because it violates the purpose for which the corporation was established
Indicate whether the statement is true or false
A recent income statement of Safety Corporation reported the following data: Sales revenue$6,800,000 Variable costs 2,800,000 Fixed costs 2,500,000 If these data are based on the sale of 20,000 units, the break-even point would be:
A. 12,500 units. B. 7,500 units. C. 11,628 units. D. 33,333 units. E. None of the answers is correct.
Pribyl Corporation has provided the following financial data: Year 2Year 1Total assets$1,476,000 $1,450,000 Total stockholders' equity$1,013,000 $1,000,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,270,000 Cost of goods sold 720,000 Gross margin 550,000 Operating expenses 506,846 Net operating income 43,154 Interest expense 17,000 Net income before taxes 26,154 Income taxes (35%) 9,154 Net income$17,000 Required:a. What is the company's net profit margin percentage for Year 2?b. What is the company's gross margin percentage for Year 2?c. What is the company's return on total assets for Year 2?d. What is the company's return on equity for Year 2?
What will be an ideal response?