Balance sheet and income statement data indicate the following: Bonds payable, 10% (issued 1988 due 2012 ) $1,000,000 Preferred 5% stock, $100 par (no change during year) 300,000 Common stock, $50 par (no change during year) 2,000,000 Income before income tax for year 350,000 Income tax for year 80,000 Common dividends paid 50,000 Preferred dividends paid 15,000 Based on the data presented above,
what is the number of times bond interest charges were earned (round to one decimal point)?
A) 3.7
B) 4.4
C) 4.5
D) 3.5
C
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Which is NOT a sanction placed against North Korea?
a. cap on the amount of oil that can be purchased b. restrict trade only to textiles and coal c. ban on entry of North Koreans into other countries d. ban on financial institutions doing business with North Korea
Which of the following statements is true?
A. In preparing a budget, information flows occur only from the bottom up. B. Employees often find that budgets are constraining and limiting. C. The attitudes and actions of upper-level management have little impact on the effectiveness of a company's budget. D. Participative budgeting means that a company's budget should be prepared by lower-level employees.
A projective technique in which respondents are presented with a number of incomplete sentences and asked to complete them is called sentence completion
Indicate whether the statement is true or false
While preparing the marketing plan for a new product line called Nature & Nurture, Jonas wrote the following: "Recent news about toxic materials in children's toys and repeated recalls of children's products due to safety concerns creates a
substantial market opportunity for Nature & Nurture products. As parents become more and more alarmed about the safety of their children's toys, they can be expected to place a greater premium on the nontoxic, environmentally friendly materials used for all Nature & Nurture products." This statement belongs in the ________ section of the marketing plan. A) company description, purpose, and goals B) marketing situation C) executive summary D) measurement and controls E) forecasting