If Kim's current debt ratio is 45%, this means that ________ of Kim's assets are purchased on credit
A) 55%
B) 45%
C) 50%
D) Not enough data to determine the answer
Answer: B
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Exhibit 9-2 In 2015, the Magtag Company sold 16,000 ovens. Magtag estimated that 14% of the machines would require repairs under the two-year assurance-type warranty at an average cost of $60. During 2015, Magtag had an actual outlay of $62,000 for repairs under warranty. Magtag uses the GAAP approach of accruing warranty expense (and the related liability) in the year of the sale. Refer to
Exhibit 9-2. What amount should the company report for estimated liability under warranties at the end of 2015? A) $72,400 B) $62,000 C) $48,000 D) $84,000
Which of the following is a "qualifying event" under the FMLA?
a. birth of a child b. death of a parent c. serious health condition of an employee's grandparent d. all of the above e. none of the above
Calculate the monthly payment on a $200,000 mortgage if payment is made at the beginning of
each month, and the annual interest rate is 5.5 percent for 30 years. A) $1,135.58 B) $1,300.25 C) $11,000.00 D) $1,100.00
Roberto sued Monica for injuries received in a traffic accident. If Monica does not respond to the complaint and summons served by Roberto within the prescribed time limits, Roberto may obtain a A)judgment on the pleadings
B)summary judgment. C)pretrial conference. D)default judgment.