Last year, RC Rancho's revenue was $120,000,000, variable costs were $90,000,000 and fixed costs were $15,000,000 . RC Rancho's contribution margin ratio was 25 percent
Indicate whether the statement is true or false
T
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Usually includes a salutation
A) Letters B) Memos
A 100% stock dividend and a 2:1 stock split should, at least conceptually, have the same effect on the firm's stock price.
Answer the following statement true (T) or false (F)
After a jury verdict has been presented, the losing party may ask the judge to overturn the verdict by requesting a:
a. judgment notwithstanding the verdict b. motion for voir dire c. special verdict d. general verdict with interrogatories e. none of the other choices
Jester Corporation's most recent income statement appears below:Income StatementSales (all on account)$130,000? Cost of goods sold 75,000? Gross margin 55,000? Selling and administrative expense 31,000? Net operating income 24,000? Interest expense 13,000? Net income before taxes 11,000? Income taxes (30%) 3300? Net income$7700? The beginning balance of total assets was $170,000 and the ending balance was $166,500. The return on total assets is closest to:
A. 10.0% B. 6.5% C. 14.3% D. 4.6%