The 20% shown for net income in 2019 signifies that net income ________.
The vertical analysis of the income statement of Settler, Inc. is as shown below:
A) is 20% of net sales revenues
B) increased by 20% over the previous year
C) is 20% of gross profit
D) equals 20 times of the income before income tax
A) is 20% of net sales revenues
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Research has shown that research and development expenditures during the years immediately prior to a CEO's retirement tend to:
A. increase by a large amount. B. decline. C. increase by a small amount. D. show no change.
Soledad and Winston are partners who share income in the ratio of 1:3 and have capital balances of $100,000 and $140,000 at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $130,000 . What amount of loss on realization should be allocated to Soledad?
a. $60,000 b. $27,500 c. $92,500 d. $32,500
Assume your favorite soccer team has 3 games left to finish the season. The outcome of each game can be win, lose, or tie. How many possible outcomes exist?
A. 7 B. 27 C. 36 D. 64
An equitable assignment operates where:
A) the assignor must be a party to any litigation B) the assignor must be part of any settlement C) the assignor retains an interest in the contract D) there are conditions on the transfer E) all of the above