Self-liquidating loans are intended merely to carry a firm through seasonal peaks in financing needs that are due primarily to buildups of accounts receivable and inventory
Indicate whether the statement is true or false
TRUE
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An investor views a high debt-to-equity ratio and a low times interest earned as a favorable sign of a company's abilities to meet its long-term obligations
a. True b. False Indicate whether the statement is true or false
Senior management of a consulting services firm is concerned about a growing decline in the firm's weekly number of billable hours. The firm expects each professional employee to spend at least 40 hours per week on work. In an effort to understand this problem better, management would like to estimate the standard deviation of the number of hours their employees spend on work-related activities in a typical week. Rather than reviewing the records of all the firm's full-time employees, the management randomly selected a sample of size 50 from the available frame. The sample mean and sample standard deviations were 48.5 and 7.5 hours, respectively.
(A) Construct a 99% confidence interval for the standard deviation of the number of hours this firm's employees spend on work-related activities in a typical week.(B) Interpret the 99% confidence interval constructed in (A).(C) Given the target range of 40 to 60 hours of work per week, should senior management be concerned about the number of hours their employees are currently devoting to work? Explain why or why not. What will be an ideal response?
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Indicate whether the statement is true or false
On June 30, 2017, Roger, Inc showed the following data on the equity section of their balance sheet
Stockholders' Equity Common Stock, $1 par; 202,000 shares authorized, 150,000 shares issued and outstanding $150,000 Paid-In Capital in Excess of Par-Common $260,000 Retained Earnings 946,000 Total Stockholder's Equity $1,356,000 On July 1, 2017, the company declared and distributed a 9% stock dividend. The market value of the stock at that time was $20 per share. Following this transaction, what is the balance of Common Stock? A) $163,500 B) $57,180 C) $285,540 D) $357,180