The current yield on a $6,000, 10 percent coupon bond selling for $5,000 is
A) 5%.
B) 10%.
C) 12%.
D) 15%.
C
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Which of the following below is an example of a capital expenditure?
a. cleaning the carpet in the front room b. tune-up for a company truck c. replacing an engine in a company car d. replacing all burned-out light bulbs in the factory
Which of the following statements regarding contingencies is true?
a. Contingencies that are probable and not estimable appear on the balance sheet. b. Contingencies that are probable and not estimable are disclosed in the notes to the financial statements. c. Contingencies that are remote but estimable are disclosed in the notes to the financial statements. d. Contingent assets are recorded on the balance sheet, but not in the notes to the financial statements.
Which of the following is not true of touch?
A) The sense of touch is acquired before birth. B) The importance of touch varies widely by culture. C) You can't touch too much in a business setting. D) People who never touch anyone in a business setting may be viewed as cold and insensitive. E) Touching may be purely physical or simply a friendly gesture.
The inventory records for Radford Co. reflected the following: Beginning inventory @ May 11500 units @ $4.60First purchase @ May 71600 units @ $4.80Second purchase @ May 171800 units @ $4.90Third purchase @ May 231400 units @ $5.00Sales @ May 314800 units @ $6.50What is the amount of gross margin assuming the FIFO cost flow method?
A. $7700 B. $23,184 C. $9120 D. $7800