Lincoln Company reported the following information in its annual report for 2016. Cash flows from operating activities $300,000 Capital Expenditures 225,000 Average amount of debt maturing over the next 5 years 200,000 What is the cash flow adequacy ratio for 2016 for Lincoln Company?
a. 0.38
b. 1.50
c. 1.88
d. 7.50
a
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On July 1, Shady Creek Resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30 of $37,258. What amount of principal will be included in the first annual payment?
A. $25,000 B. $20,000 C. $232,742 D. $17,258 E. $37,258
Workplace etiquette includes
a. using vulgar language to make a point. b. avoiding company rules. c. demonstrating generosity and compassion. d. being a bit late to meeting so that others know you are present.
Shaffer's Ltd. leases a clothing store from Haimish Holdings Ltd. By the terms of the lease the landlord is to make repairs. The roof leaks but Haimish refuses to fix it. Which of the following can Shaffer's do?
A) withhold the rent until the landlord fixes the roof B) have the roof fixed and deduct the cost from the next rent, but it must pay the balance C) bring a court action to have the landlord do the repairs D) immediately terminate the lease E) none of the above
A large, self-service store that sells primarily food and household products is called a _____.
A. specialty store B. discount store C. department store D. supermarket E. convenience store