A(n) ____________________ is a contract in which ownership and title to goods passes from seller to buyer for a price
Fill in the blank(s) with correct word
sale
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Figure 4.4 represents the market for gasoline in a small nation. The free trade world price of gasoline is $3.50. Suppose this small nation imposes a tariff on gasoline of $.50 per gallon. The change in producer surplus would be
a. area a + b.
b. area a.
c. area a + b + f.
d. area a + b + f + g + h.
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Indicate whether the statement is true or false
Strods Company reported the following purchases and sales for its only product. Strods uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using LIFO.DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory150 units @ $10.00 5Purchase220 units @ $12.00 10Sales 140 units @ $20.0015Purchase100 units @ $13.00 24Sales 90 units @ $21.00
A. $2,980 B. $2,850 C. $2,860 D. $2,590 E. $2,460
Companies HD and LD have the same sales, tax rate, interest rate on their debt, total assets, and basic earning power. Both firms finance using only debt and common equity, and total assets equal total invested capital. Both companies have positive net incomes. Company HD has a higher total debt to total capital ratio and therefore a higher interest expense. Which of the following statements is CORRECT?
A. Company HD pays less in taxes. B. Company HD has a lower equity multiplier. C. Company HD has a higher ROA. D. Company HD has a higher times-interest-earned (TIE) ratio. E. Company HD has more net income.