Cragmont has beginning equity of $277,000, net income of $63,000, dividends of $25,000 and no additional investments by stockholders during the period. Its ending equity is:
A) $365,000.
B) $239,000.
C) $189,000.
D) $315,000.
E) $277,000.
D) $315,000.
You might also like to view...
According to Hofstede, which of the following is a dominant characteristic of a society with high power-distance?
A) Societies regulate behavior with very few rules. B) Status is not given much importance. C) People are integrated into strong, cohesive in-groups. D) Inequality is expected by all.
Answer the following statements true (T) or false (F)
1. One advantage of decentralized organizations is that procedures are uniform and thus easier to control. 2. The functional structure is the most typical type for small firms. 3. An organization with different groupings of people based on its products, customers, or geographic regions has a functional structure. 4. Ford Motor Co. has what is known as a divisional structure because it has different divisions for passenger car dealers, large trucking customers, and farm products customers.
Informative speakers should be _________, while persuasive speeches should be _________.
a. objective; subjective b. objective; objective c. subjective; objective d. subjective; subjective
Why do many U.S. firms prefer to sell in Canada, England, and Australia, rather than in Germany and France?
A) They prefer markets that are culturally distant. B) Germany and France have larger markets. C) They feel more comfortable with the languages, laws, and culture. D) They are seeking markets with high market risk. E) This gives them a toehold in fast-growing markets.