Answer the following statement(s) true (T) or false (F)
More is more; the more functions, features, and so forth you can include on a graph, the better.
ANS:F
You might also like to view...
Maynard Company's balance sheet and income statement are provided below:Maynard CompanyBalance SheetAs of December 31???AssetsYear 2Year 1Cash$ 83,500$ 92,000Accounts receivable94,000 90,000Inventory 62,50060,000Plants and equipment, net500,000525,000Land___150,000__150,000Total assets $ 890,000$ 917,000? ?Liabilities and Stockholders' Equity ?Accounts payable $ 73,000$ 62,000Notes payable115,000160,000Capital stock, no par440,000400,000Retained earnings____262,000__295,000Total liabilities and stockholders' equity$ 890,000$ 917,000Maynard CompanyIncome StatementYears Ended December 31?Year 2Year 1Sales$ 549,000$ 468,150Less cost of goods sold___360,000___289,500Gross margin189,000178,650Less operating expenses
____86,500____55,450Income before taxes102,500123,200Income taxes____18,500____16,600Net income $ 84,000$ 106,600The company paid cash dividends of $2.00 per share during Year 2. On December 31, Year 2, the stock was listed on the stock exchange at a price of $78.25 per share.Required:Compute the following ratios for Year 2:(a) Accounts receivable turnover(b) Average days to collect receivables(c) Inventory turnover(d) Average days to sell inventory(e) Debt to assets ratio(f) Debt to equity ratio(g) Net margin(h) Asset turnover(i) Return on investment(j) Dividend yieldRound your answers to one decimal place. What will be an ideal response?
Under the net method, when a company uses a perpetual inventory system, an invoice for $2,000 with terms of 2/10, n/30 should be recorded with a debit to Merchandise Inventory and a credit to Accounts Payable of $1,960.
Answer the following statement true (T) or false (F)
An integer programming (maximization) problem was first solved as a linear programming problem, and the objective function value (profit) was $253.67. The two decision variables (X, Y) in the problem had values of X = 12.45 and Y = 32.75
If there is a single optimal solution, which of the following must be true for the optimal integer solution to this problem? A) X = 12 Y = 32 B) X = 12 Y = 33 C) The objective function value must be less than $253.67. D) The objective function value will be greater than $253.67. E) None of the above
Consider the following information: Actual direct labor hours 34,500 Standard direct labor hours 35,000 Total actual direct labor cost$241,500 Direct-labor efficiency variance$3,200?The direct-labor rate variance is:
A. $20,700U. B. $17,250U. C. $20,700F. D. $21,000F. E. None of the answers is correct.