An automobile engine is about 20 to 30% efficient in converting chemical energy to mechanical energy. Cells are about 39% efficient in the transformation of glucose to ATP. The rest of the energy is lost as heat. This is illustrative of the
A. first law of thermodynamics.
B. second law of thermodynamics.
C. third law of thermodynamics.
D. the cell theory.
Answer: B
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Angie owns and runs Archana, a private start-up company with a current value of $1.3 billion. Archana is interested in going public to fund future growth. Which action should Angie take before Archana's initial public offering?
A. Angie should come up with a business plan for what Archana will do once it is no longer publicly traded. B. She and senior managers should write down their code of ethics. C. She should investigate Archana's existing or potential problems with ethics or the law, if such problems exist. D. Angie should not embark on an IPO until Archana's value is higher.
The accountant for Mandarin Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year$819,000Net income for the year 230,000Cash dividends declared for the year 42,000Retained earnings balance at the end of the year 1,007,000Cash dividends payable at the beginning of the year 10,000Cash dividends payable at the end of the year 11,000What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows?
A. $43,000. B. $63,000. C. $42,000. D. $41,000. E. $1,000.