A major tool guestologists use is ______.
a. Observation
b. Surveying
c. Theorizing
d. Probabilistic Statistics
d. Probabilistic Statistics
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All of the following are primary events that typically lead to changes in book value of shareholders' equity except:
a. Investments by shareholders, usually net cash received by the company at equity issue date. b. Profitable operating and investing activities, with net income being a large component of this increase. c. Debtholders requiring firms to enter into debt covenants. d. Distributions to shareholders, usually in the form of periodic cash dividend payments to investors and sometimes in the form of share repurchases.
The inventory valuation method that has the advantages of assigning an amount to inventory on the balance sheet that approximates its current cost, and also mimics the actual flow of goods for most businesses is:
A. FIFO. B. LIFO. C. Weighted average. D. Specific identification. E. Lower of cost or market.
A distributor of plumbing supplies purchases a desktop computer to aid in inventory control. This computer is an example of which type of business product?
A. Raw material B. Installations C. Accessory equipment D. Component part E. Process material
The tax liability of a corporation with ordinary income of $105,000 is ________
Range of taxable income Marginal rate $0 to $50,000 15% 50,000 to 75,000 25 75,000 to 100,000 34 100,000 to 335,000 39 335,000 to 10,000,000 34 10,000,000 to 15,000,000 35 15,000,000 to 18,333,333 38 Over 18,333,333 35 A) $42,000 B) $35,700 C) $23,950 D) $24,200