The time series component that reflects a long-term, relatively smooth pattern or direction exhibited by a time series over a long time period (more than one year) is called:
a. random variation c. seasonal variation
b. cyclical variation d. long-term trend
D
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How can employees give knowledgeable responses to customers' questions?
What will be an ideal response?
The ____ Marine Corps is recruiting new enlistees
A) United State's B) United States' C) United States
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?
Because of potential liability for dumped toxic chemicals, potential property buyers often get an EPA certification that the property has no liabilities attached to it
a. True b. False Indicate whether the statement is true or false