Geolocation logic is the application logic component responsible for data storage and retrieval

Indicate whether the statement is true or false


FALSE

Business

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The accuracy of the statement of cash flows can be verified by computing the change in the balance of the

a. cash and cash equivalent accounts. b. equity account. c. revenue account. d. asset and liability accounts.

Business

If its yield to maturity declined by 1%, which of the following bonds would have the largest percentage increase in value?

A. A 1-year bond with an 8% coupon. B. A 10-year bond with an 8% coupon. C. A 10-year bond with a 12% coupon. D. A 10-year zero coupon bond. E. A 1-year zero coupon bond.

Business

Pettijohn Inc.The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.

Balance Sheet (Millions of $) Assets2016 Cash and securities$  1,554.0 Accounts receivable9,660.0 Inventories  13,440.0 Total current assets$24,654.0 Net plant and equipment  17,346.0 Total assets$42,000.0 Liabilities and Equity Accounts payable$  7,980.0 Notes payable5,880.0 Accruals    4,620.0 Total current liabilities$18,480.0 Long-term bonds  10,920.0 Total liabilities$29,400.0 Common stock3,360.0 Retained earnings    9,240.0 Total common equity$12,600.0 Total liabilities and equity$42,000.0   Income Statement (Millions of $)2016 Net sales$58,800.0 Operating costs except depr'n$55,274.0 Depreciation$  1,029.0 Earnings bef int and taxes (EBIT)$  2,497.0 Less interest    1,050.0 Earnings before taxes (EBT)$  1,447.0 Taxes$     314.0 Net income$  1,133.0 Other data: Shares outstanding (millions)175.00 Common dividends$   509.83 Int rate on notes payable & L-T bonds6.25% Federal plus state income tax rate21.7% Year-end stock price$77.69 Refer to the data for Pettijohn Inc. What is the firm's P/E ratio? A. 12.0 B. 12.6 C. 13.2 D. 13.9 E. 14.6

Business

With mediation as a form of dispute resolution, the parties may at any point initiate litigation or agree to submit the dispute to arbitration

Indicate whether the statement is true or false

Business