_____ taxes are levied by states and local governments on the real estate used in a business
Fill in the blank(s) with correct word
Property
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Lark had net income for 2018 of $104,000. Lark had 32,000 shares of common stock outstanding at the beginning of the year and 48,000 shares of common stock outstanding at the end of the year. There were 5000 shares of preferred stock outstanding all year. During 2018, Lark declared and paid preferred dividends of $30,000. On December 31, 2018, the market price of Lark's common stock is $30 per share and the market price of its preferred stock is $57 per share. What is Lark's price/earnings ratio at December 31, 2018? (Round any intermediate calculations and your final answer to the nearest cent.)
A) 30.81 B) 11.54 C) 13.85 D) 16.22
In cost-volume-profit analysis, sales revenue is computed by multiplying units sold by the selling price per unit, and the targeted profit is projected by management
Indicate whether the statement is true or false
Marco Insurance acquired shares of Penny Systems' common stock on December 28, 2013, for $400,000 and classified them as trading securities. The fair value of these securities on December 31, 2013, was $402,000 . Marco Insurance sold these shares on January 3, 2014, for $405,000. (Refer to Marco Insurance.) The total income from the purchase and sale of these securities is
a. $5,000 b. $4,000 c. $3,000 d. $2,000 e. $1,000
Managers and professional employees cannot belong to unions formed by employees whom they manage
Indicate whether the statement is true or false