A company's balance sheet shows: cash $22,000, accounts receivable $16,000, office equipment $50,000, and accounts payable $17,000. What is the amount of stockholders' equity?
A. $71,000.
B. $17,000.
C. $88,000.
D. $105,000.
E. $29,000.
Answer: A
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Which statement is not correct? The structured design approach
a. is a top-down approach b. is documented by data flow diagrams and structure diagrams c. assembles reusable modules rather than creating systems from scratch d. starts with an abstract description of the system and redefines it to produce a more detailed description of the system
Jerry received a bill for $300 from Johnson for a tune-up Johnson had performed on Jerry's car. Jerry called Johnson and told him, "The car runs no better now than before the tune-up. I am sending you $100 and no more." Johnson received the $100 check which was marked "paid in full" and cashed it. Jerry is still liable to Johnson for $200
a. True b. False Indicate whether the statement is true or false
Keys Printing plans to issue a $1,000 par value, 20-year noncallable bond with a 7.00% annual coupon, paid semiannually. The company's marginal tax rate is 40.00%, but Congress is considering a change in the corporate tax rate to 45.00%. By how much would the component cost of debt used to calculate the WACC change if the new tax rate was adopted? Do not round your intermediate calculations.
A. -0.36% B. -0.42% C. -0.44% D. -0.30% E. -0.35%
Did the Court qualify the Thornhill decision?