Refer to the scenario above. What is the slack for activity G?
A) 4 weeks.
B) 3 weeks.
C) 2 weeks.
D) 1 week.
Answer: B
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Which of the following is the appropriate general journal entry to record the declaration of a cash dividends?
a. Retained Earnings Cash b. Cash Dividends Payable Cash c. PaidÂIn Capital Cash Dividends Payable d. Cash Dividends Cash Dividends Payable
The factor matrix is also called the factor pattern matrix
Indicate whether the statement is true or false
At the beginning of the year, Superior Sales had $7,500 of merchandise inventory. During the year, the company purchased $72,000 of inventory. At the end of the year, a count of the inventory revealed that the business had $11,640 of inventory on hand. Superior uses the periodic inventory system.Required:a) What is cost of goods sold for the year?b) What is the amount of goods available for sale?c) What is the amount of inventory that will be shown on the year-end balance sheet?
What will be an ideal response?
The Charleston Company is a relatively small, privately owned firm. Last year, the company had an after-tax income of $15,000 and 10,000 shares were outstanding. The owners were trying to determine the market value for the stock prior to taking the company public. A similar firm, which is publicly traded, had a price/earnings ratio of 5.0. Using only the information given, the market value of one share of Charleston's stock is estimated as:
A. $10.00. B. $7.50. C. $5.00. D. $2.50. E. $1.50.