If a company is financing more assets with debt than with equity, the ________
A) debt to equity ratio will be more than 1
B) debt to equity ratio will be between 0 to 1
C) debt to equity ratio will be equal to 1
D) debt to equity ratio will be negative
A
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Which is NOT included in SMART goals?
a. specific b. attainable c. reliable d. timely
A formal written statement of management's plans for the future, expressed in financial terms, is a:
A) gross profit report B) responsibility report C) budget D) performance report
The terms World Wide Web and Internet mean the same thing
Indicate whether the statement is true or false
This year Evelyn created an irrevocable trust to provide for Ed, her 32-year-old nephew, and Ed's family. Evelyn transferred $150,000 to the trust and named a bank as the trustee. The trust was directed to pay income to Ed until he reaches age 35 (three years from now), and at that time the trust is to be terminated and the corpus is to be distributed to Ed's two children (or their estates). Determine the amount, if any, of the taxable gift. The relevant interest rate is 6 percent. (Round your intermediate calculation to three decimal places.)
What will be an ideal response?