The gross margin percentage is equal to:
A. Net operating income/Sales
B. Cost of goods sold/Net income
C. (Net operating income + Selling and administrative expenses)/Sales
D. Cost of goods sold/Sales
Answer: C
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Cultural differences do not affect marketing negotiations and decision-making behavior.
Answer the following statement true (T) or false (F)
An ________ is a fixed pool of securities, generally municipal bonds
A) earning trust B) unit investment trust C) equity corporation D) asset diversification company E) none of the above
At its inception, Peacock Company purchased land for $50,000 and a building for $220,000. After exactly 4 years, it transferred these assets and cash of $75,000 to a newly created subsidiary, Selvick Company, in exchange for 25,000 shares of Selvick's $5 par value stock. Peacock uses straight-line depreciation. When purchased, the building had a useful life of 20 years with no expected salvage value. An appraisal at the time of the transfer revealed that the building has a fair value of $250,000.Based on the information provided, at the time of the transfer, Selvick Company should record
A. the building at $176,000 with no accumulated depreciation. B. the building at $250,000 with no accumulated depreciation. C. the building at $220,000 with no accumulated depreciation. D. the building at $220,000 and accumulated depreciation of $44,000.
Under the categorical imperative, an unethical decision that would have only a small impact is acceptable as long as no one else in society acts the same way.
Answer the following statement true (T) or false (F)