The times-interest-earned ratios of Benin, Inc. are 20.56 and 7.35 for 2016 and 2017, respectively. Which of the following can be the possible reason for such a change?
A) Benin, Inc. incurred less debt specifically in its revolving line of credit.
B) Benin, Inc. incurred more debt specifically in its revolving line of credit.
C) Benin, Inc. paid less interest in its revolving line of credit.
D) Benin, Inc.'s debt-paying ability increased.
B
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On January 1, 2014, New Country issued $200,000 of ten-year 8% bonds at 98. These bonds were callable at 102 at any time after three years. Straight-line amortization was used. On January 1, 2018, a new bond issue was sold and the old bonds were called. What was the loss on bond retirement?
A) $2,000 B) $4,400 C) $6,400 D) $8,000
Which of the following does a health care directive outline?
A) which lifesaving measures the signor does and does not want B) what treatments are to be withdrawn if doctors determine there is no hope of a meaningful recovery C) why the signor has decided to withdraw life-support systems D) who is to make all health care decisions in accordance with the living will on behalf of the signor
Magnolia, Inc has budgeted sales for the first quarter of the next year to be 45,000 units
The inventory on hand at the beginning of quarter is 5,000 units. The desired ending inventory is 3,000 units. Calculate the budgeted production for the first quarter. A) 3,000 units B) 43,000 units C) 40,000 units D) 48,000 units
A business firm may have to comply with the laws of any jurisdiction in which it actively targets customers
a. True b. False Indicate whether the statement is true or false