Pointe Corporation's balance sheet showed the following amounts for its liability accounts: Notes payable, $130,000; Bonds Payable, $800,000; Accrued Expenses, $20,000; and Deferred Income Tax Liability, $120,000. Total assets was $1,470,000. The debt to assets ratio is:
A) 0.27
B) 1.37
C) 0.65
D) 0.73
D
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The principal business objectives of the purchasing process are acquiring goods and services and paying for those goods and services.
Answer the following statement true (T) or false (F)
Which of the following would not be a factor in whether a control weakness would be considered to be a material weakness as opposed to a significant deficiency?
a. The materiality of the related balance. b. The volume of transactions affected. c. The subjectivity of the account balance. d. The nature of the client's industry.
The two extremes of employment stability policy are "follow demand exactly" and "keep demand constant."
Indicate whether the statement is true or false
Regular production costs $15 per unit and selling a unit represents a cash inflow of $25 per unit. Assume that all units reflected on the forecast will be sold. What is the net cash flow for March?
Month Forecast Regular Production January 250 250 February 200 200 March 300 300 April 400 400 A) $11,500 B) $7,500 C) $4,500 D) $3,000