The dividend yield is calculated by dividing the earnings per share by the market price of the stock
Indicate whether this statement is true or false.
Answer: FALSE
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A fixed asset with a cost of $41,000 and accumulated depreciation of $36,000 is traded for a similar asset priced at$50,000 (fair market value) in a transaction with commercial substance. Assuming a trade-in allowance of $4,000, atwhat cost will the new equipment be recorded in the books?
a. $50,000 b. $45,000 c. $51,000 d. $54,000
Using the selected information given below for Luk Company, calculate the return on assets, debt ratio, and profit margin. Comment on the results of operations and the financial position of the company for the year.Sales1,050,000Expenses795,000Assets (beginning of the year)1,500,000Assets (end of the year)1,900,000Liabilities850,000
What will be an ideal response?
Which of the following statements is true of the economic system of North America?
A. The command economy of this region allows competition to strive while the government can extend assistance to individuals or companies. B. The free-market-based economy of this region results in low trade barriers when attempting to move into other countries. C. The free-market-based economy of this region allows considerable freedom in decision-making processes of private firms. D. The command economy of this region allows for high flexibility with decisions and low barriers for other countries to establish business.
Which of the following accounts is not included in the calculation of net income?
A. Cash. B. Rent expense. C. Wages expense. D. Rent revenue. E. Services revenue.