Law created by the legislative branch of government is called

A) common law
B) by-law
C) statute law
D) judicial law
E) equitable law


C

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The Fortune Company reported the following income for Year 2:     Sales$133,000? Cost of goods sold 81,500? Gross margin$51,500? Selling and administrative expense 18,000? Operating income$33,500? Interest expense 5300? Income before taxes$28,200? Income tax expense 8460? Net income$19,740? What is the company's number of times interest is earned ratio?

A. 5.3 times B. 3.7 times C. 6.3 times D. None of these answers is correct.

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Discuss the diversification strategy

What will be an ideal response?

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In a periodic inventory system, a sale of inventory involves two entries, one to record Sales Revenue and one to record Cost of Goods Sold

Indicate whether the statement is true or false

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In the Excel Solver parameters window, which of the following buttons should be clicked to add a constraint?

a. Add b. Change c. Reset d. Load/Save

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