Which sentence is punctuated correctly?
A) Wireless plan information has been received from Sprint, Verizon, and T-Mobile.
B) Wireless plan information has been received from: Sprint, Verizon, and T-Mobile.
C) Wireless plan information has been received from, Sprint, Verizon, and T-Mobile.
A
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Selected data for Sorenta, Inc and New World Corp, two companies in the same industry, are presented below: Sorenta, Inc New World Corp Sales $50,000 $80,000 Cost of goods sold 30,000 50,000 Average inventory balance 5,000 5,000 Based on this data, which statement below is true?
a. New World Corp sells its inventory faster than Sorenta, Inc. b. Sorenta, Inc. has a lower gross profit ratio than New World Corp. c. Sorenta, Inc. has lower storage costs and a lower investment in inventory than New World Corp. d. New World Corp has a higher net income than Sorenta, Inc.
Answer the following statements true (T) or false (F)
An advantage of proportionate consolidation is that the minority interest category does not arise.
Assume that a firm's degree of financial leverage (DFL) is 1.2. If sales this year increase by 20 percent, the firm expects a 60 percent increase in earnings per share (EPS). What is the firm's degree of operating leverage of the firm?
A. 2.5× B. 3.0× C. 1.8× D. 0.4× E. 3.6×
Which of the following is true when the estimate of an asset's useful life is changed?
A) The new estimate is ignored until the last year of the asset's life. B) The depreciation expense in the prior year is restated. C) Prior years' financial statements must be restated. D) The asset's remaining depreciable book value will be spread over the asset's remaining life.