Generally speaking, which of the following would not directly affect a company's income tax payments?
A. Land owned by the firm.
B. Gain on sale of machinery.
C. Loss on sale of building.
D. Sales revenue.
E. Advertising expense.
Answer: A
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Which one of the following documents is used in the control of cash receipts?
a. Purchase requisitions b. Receiving reports c. Canceled checks from customers d. Bank deposit slips
Which of the following identifies how the wheel-of-retailing hypothesis and the retail life cycle are alike?
A) They both have specific stages through which all retailers progress. B) They both are based on the structure of the product life cycle. C) They both suggest that the majority of retailers enter the market through low-end strategies. D) They both depict how changes in technology and culture affect retailers. E) They both indicate that most retailers shift strategies over time.
Joe bought a share of stock for $47.50 that paid a dividend of $0.72 and sold one year later for $51.38. What was Joe's dollar profit or loss and holding period return?
A. $0.72, 7.55% B. $3.88, 8.95% C. $4.60, 9.68% D. $3.88, 9.68%