In recent years, P/E multiples for S&P 500 companies have
A. ranged from ?1 to ?10.
B. ranged from 1 to 8.
C. ranged from 6 to 10.
D. -ranged from 12 to 25.
E. ranged from 20 to more than 50.
D. -ranged from 12 to 25.
Since 1994 P/Es have risen dramatically but fall within the range of 12 to 25.
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During the year, Todd Corporation issued 200 shares of $20 par value common stock for $50 a share. A total of 500 shares were authorized. In addition, the company purchased 75 shares of treasury stock at $44 a share. Which of the following best presents the related lines in the stockholders' equity section of the company's balance sheet?
A.
| Common stock, $20 par value, 500 shares authorized, 200 shares issued, 425 outstanding | $ | 8,500 | |
| Paid in capital in excess of par - Common | 11,050 | ||
| Less: Treasury stock, 75 shares @ $44 per share | (3,300 | ) |
B.
| Common stock, $20 par value, 500 shares authorized, 200 shares issued, 125 outstanding | $ | 4,000 | |
| Paid in capital in excess of par - Common | 6,000 | ||
| Less: Treasury stock, 75 shares @ $44 per share | (3,300 | ) |
C.
| Common stock, $50 market value, 500 shares authorized, 200 shares issued, 125 outstanding | $ | 10,000 | |
| Less: Treasury stock, 75 shares @ $44 per share | (3,300 | ) |
D.
| Common stock, $20 par value, 500 shares authorized, 200 shares issued and outstanding | $ | 4,000 | |
| Paid in capital in excess of par - Common | 6,000 | ||
| Less: Treasury stock, 75 shares @ $20 per share | (1,800 | ) |
Which of the following actions is suggested for finding a mentor?
a. send out a letter to influential people asking if they will be your mentor b. consider who in your personal network knows you best c. let people know at networking events that you are looking for a mentor d. look for directories of mentors in one of the major networking organizations
Ronson Corporation has two manufacturing departments--Casting and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: CustomizingTotalEstimated total machine-hours (MHs) 5,000 5,000 10,000Estimated total fixed manufacturing overhead cost$27,500$10,500$38,000Estimated variable manufacturing overhead cost per MH$1.70$2.60 During the most recent month, the company started and completed two jobs--Job C and Job G. There were no beginning inventories. Data concerning those two jobs follow: Job CJob GDirect materials$10,600$6,800Direct labor cost$23,700$87,900Casting machine-hours 3,400 1,600Customizing machine-hours 2,000 3,000Assume that the company uses a plantwide predetermined manufacturing overhead
rate based on machine-hours. The amount of manufacturing overhead applied to Job C is closest to: A. $20,520 B. $20,230 C. $32,130 D. $11,900
Circle K Toys, Inc. manufactures toys and children's clothing and sells these products to retail outlets. The following costs were incurred in performing quality activities at Circle K during the year: Product recall activities$370,000Quality training activities$240,000Quality improvement activities$154,000Warranty claim activities$109,000Quality inspection and testing activities$61,000Rework activities$38,000Quality data collection and reporting activities$15,000? ?What is the total of the prevention costs for Circle K?
A. $455,000 B. $409,000 C. $394,000 D. $470,000