A corporation's cost of common equity may be estimated using either a dividend valuation model
or the capital asset pricing model.
Indicate whether the statement is true or false
TRUE
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Horizontal price fixing involves an agreement _____
a. among manufacturers, among wholesalers, or among retailers to set certain prices b. to charge larger retail firms lower prices c. by retailers to charge manufacturer suggested list prices d. by retailers not to sell merchandise below cost
Which of the following is a common criticism of ethical relativism?
a. It promotes open-mindedness and tolerance. b. It assumes that a person's actions are always correct for that person, but if that is true, then all behavior is, by definition, moral. c. It is rigid and excessively formal. d. It is too judgmental.
Use the financial data shown below to calculate the following ratios for the current year:(a) Current ratio.(b) Acid-test ratio.(c) Accounts receivable turnover.(d) Days' sales uncollected.(e) Inventory turnover.(f) Days' sales in inventory.Income statement dataSales (all on credit)………………………………… $650,000Cost of goods sold…………………………………. 425,000Income before taxes……………………………….. 78,000Net income………………………………………… 54,600?EndingBalancesBeginningBalancesCash$ 19,500$ 15,000Accounts receivable (net) 65,00060,000Inventory71,50064,500Plant and equipment (net)195,000183,900Total assets$351,000$323,400Current liabilities $ 62,400$ 52,700Long-term notes
payable97,500100,000 What will be an ideal response?
A company's list of accounts and the identification numbers assigned to each account is called a:
A. General Journal. B. Chart of accounts. C. Source document. D. Journal. E. Trial balance.