Powerful Tools Inc., a construction equipment manufacturer, has lost some information on its financial statements. Help the firm’s financial staff to fill in the missing data using your knowledge of financial ratios.
a) Using the ratios provided, recreate the financial statements as shown using formulas.
b) Complete the financial statements by using formulas that refer to existing data to fill in the remaining cells.
Answer:
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Indicate whether each of the following statements is true or false._____ a) Double taxation refers to the fact that both a partnership and its partners must pay income tax on the earnings of the partnership._____ b) A sole proprietorship is an accounting entity separate from its owner._____ c) Limited liability is a benefit to both corporations and partnerships, but not to sole proprietorships._____ d) Unlike a partnership, a corporation is not terminated when a major stockholder withdraws his or her investment._____ e) Sole proprietorships are, generally, subject to fewer governmental regulations than corporations.
What will be an ideal response?
Which statement below is not an example of internal attributions?
A. Lana having no energy B. Sterling having an overwhelming amount of work C. Pam feeling a little indifferent about work D. Cheryl having apathy for her job
Sarah and Joe are both sales members for their company’s executive sales team. Sarah has worked for the company for about two years longer than Joe has. She experiences some of the perks of seniority (e.g., higher salary and established relationships with supervisors) but nonetheless fills the same position as him. Which type of workplace relationship is Sarah and Joe’s?
a. peer b. romantic c. equitable d. superior-subordinate
Subsurface rights cannot be sold separately from surface rights
Indicate whether the statement is true or false