Article 9 of the UCC would govern transactions involving which one of the following?
A) Mortgage on a house
B) Purchase of waterfront property
C) Financing purchase of a sailboat
D) Mechanic's lien on an automobile
C
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Which of the following categories on a statement of cash flows is used to report the cash flow effects of transactions involving a company's stock?
a. Operating Activities b. Investing Activities c. Financing Activities d. Profit Activities
_____ measures the net assets generated by a firm from operations exceeding dividends declared
a. Assets b. Liabilities c. Shareholders' equity d. Additional Paid-in-Capital e. Retained earnings
Last year, Brown Manufacturing had a contribution margin ratio of 40%. This year, fixed expenses are expected to remain at $50,000 and sales are expected to increase by $90,000. What should the contribution margin ratio be this year if the company wishes to increase net operating income by $31,500?
A) 78.75% B) 40.00% C) 35.00% D) 55.56%
Ethical theories focus on consequences, results, and outcomes.
a. True b. False