Which of the following is NOT typically shown as a separate column in a cash receipts journal that uses the perpetual inventory system?
A) Interest Revenue CR column
B) Cost of Goods Sold DR, Merchandise Inventory CR column
C) Sales Revenue CR column
D) Sales Discounts Forfeited CR column
A) Interest Revenue CR column
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The president and CFO of Spellman Transportation are having a disagreement about whether to use market value or book value weights in calculating the WACC. Spellman's balance sheet shows a total of noncallable $45 million long-term debt with a coupon rate of 7.00% and a yield to maturity of 6.00%. This debt currently has a market value of $50 million. The company has 10 million shares of common stock, and the book value of the common equity (common stock plus retained earnings) is $65 million. The current stock price is $22.50 per share; stockholders' required return, rs, is 14.00%; and the firm's tax rate is 25%. The CFO thinks the WACC should be based on market value weights, but the president thinks book weights are more appropriate. What is the difference between these two WACCs?
A. 1.42% B. 1.57% C. 1.75% D. 1.94% E. 2.16%
Internal alignment is the first pay policy issue in a strategic approach.
Answer the following statement true (T) or false (F)
Which of the following is true with regard to push and pull systems?
a. Push systems are systems in which services or products are produced based on forecasts. b. In pull systems, the product or service is produced because its production is mandated by a central planning organization. c. In pull systems, the product or service is regulated by a government agency. d. In push systems, inventory is completely eliminated.
The term "active participation" is used to determine:
A. Whether a taxpayer is eligible for the $25,000 rental offset. B. Whether a taxpayer is a material participant. C. Whether an activity is considered passive. D. None of these.