Given the following financial statements for ACME Corporation, what amount did the company
pay in dividends for 2010?
Income Statement Balance Sheet
Year Ended 12/31/10 12/31/2010 12/31/2009
Sales $1,300,000 Current Assets $50,000 $45,000
Cost of Goods Sold 750,000 Gross Fixed Assets 880,000 650,000
Operating Expenses 200,000 Less Accumulated
Depreciation
450,000 350,000
Depreciation Expense 100,000 Fixed Assets 430,000 350,000
EBIT 250,000 Total Assets $480,000 $395,000
Interest Expense 50,000
EBT 200,000 Current Liabilities $35,000 $50,000
Taxes 80,000 Long-term Debt 330,000 270,000
Net Income $120,000 Common Stock 5,000 5,000
Retained Earnings 110,000 70,000
Total Liabilities & Equity $480,000 $395,000
A) $25,000 B) $100,000 C) $80,000 D) $45,000
C
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A) The Federal Trade Commission B) The Internal Revenue Service C) The Truth in Advertising Agency D) FEMA E) The Federal Bureau of Investigation
Adjusting entries are journalized the final day of the accounting period
Indicate whether the statement is true or false
Which of the following measures captures the effects of both risk and return, which makes it a better measure than standard deviation for evaluating stand-alone risk in situations where investments differ with respect to both their amounts of total risk and their expected returns?
A. Probability distribution of the investment's returns B. Expected average rate of returns of the investment C. Correlation coefficient of one investment with another investment D. Coefficient of variation E. Beta coefficient
Apply your understanding of forecasting to the idea of developing a reorder point for uncertain demand. What could be done to make a reorder point more accurate?
What will be an ideal response?