You are recently divorced and have relocated to another state. In order to make substantial changes to your will you should
A) prepare a new letter of last instruction.
B) prepare a codicil.
C) prepare a new will.
D) have your existing will notarized in the new state.
Answer: C
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On January 1, 2017 Hillop, Inc had total assets of $369,000 During the year, the company purchased new machinery worth $90,000 and promised to pay the amount due after two years. Throughout the year, it earned revenue of $59,000 every month. Calculate the asset turnover ratio.
A) 1.04 times B) 1.80 times C) 1.71 times D) 1.54 times
Forge Company, a calendar-year entity, had 6,000 units in its beginning inventory for 20X8. On December 31, 20X7, applying the lower-of-cost-or-market (NRV) principle, the units had been adjusted down to $470 per unit from an actual cost of $510 per unit. It was the lower of cost or market (NRV). No additional units were purchased during 20X8. The following additional information is provided for 20X8: Inventory Unit Market QuarterDate (units) Value FirstMarch 31, 20X8 4,800 $455 SecondJune 30, 20X8 4,000 480 ThirdSeptember 30, 20X8 3,100 440 FourthDecember 31, 20X8 2,000 455 Forge does not have sufficient experience with the seasonal market for its inventory units and assumes that any reductions in market value during the year will be
permanent.Based on the preceding information, the cost of goods sold for the first quarter is: A. $546,000 B. $564,000 C. $636,000 D. $624,000
_____ are the moral principles that govern behavior, while a/an _____ occurs when the behavior results in a choice among alternatives, each of which has negative consequences.
a) Codes of conduct, fatal error b) Social responsibilities, universal ethic c) Business ethics, code of ethics d) Ethics, ethical dilemma
The cost of capital is a single rate that reflects the average return paid to investors who provide the firm's capital
Indicate whether the statement is true or false