The units-of-production method of depreciation charges a varying amount of expense for each period of an asset's useful life depending on its usage.
Answer the following statement true (T) or false (F)
True
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A feasible solution to an integer programming problem is ensured by rounding down non-integer solution values
Indicate whether this statement is true or false.
In cases of affirmative action, the courts have held that discrimination in favor of persons of certain religions may be legal
a. True b. False Indicate whether the statement is true or false
Explain the advantages of digital signage to advertisers, transit authority, and customers.
What will be an ideal response?
Mahoe Corporation has provided the following financial data:Balance SheetDecember 31, Year 2 and Year 1AssetsYear 2Year 1Current assets: Cash$105,000 $190,000 Accounts receivable, net 255,000 220,000 Inventory 206,000 200,000 Prepaid expenses 44,000 50,000 Total current assets 610,000 660,000 Plant and equipment, net 1,065,000 970,000 Total assets$ 1,675,000 $ 1,630,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$119,000 $110,000 Accrued liabilities 88,000 80,000 Notes payable, short term 53,000 50,000 Total current liabilities 260,000 240,000 Bonds payable 110,000 110,000 Total liabilities 370,000 350,000 Stockholders'
equity: Common stock, $5 par value 250,000 250,000 Additional paid-in capital 70,000 70,000 Retained earnings 985,000 960,000 Total stockholders' equity 1,305,000 1,280,000 Total liabilities & stockholders' equity$ 1,675,000 $ 1,630,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,330,000 Cost of goods sold 890,000 Gross margin 440,000 Operating expenses 393,571 Net operating income 46,429 Interest expense 10,000 Net income before taxes 36,429 Income taxes (30%) 10,929 Net income$ 25,500 Dividends on common stock during Year 2 totaled $500. The market price of common stock at the end of Year 2 was $8.06 per share.The company's equity multiplier at the end of Year 2 is closest to: A. 1.28 B. 0.78 C. 3.53 D. 0.28