Markup can be stated as a percentage of the cost or as a percentage of the selling price.
Answer the following statement true (T) or false (F)
True
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Return on owner's equity is the ratio of net income to average owner's equity in the business
Indicate whether the statement is true or false
On January 1, a business exchanged a plant asset with a book value of $1,500 for a similar asset that had a list price of $23,000 . The business received a trade-in allowance of $2,100 for the old plant asset. The exchange resulted in:
a. a gain of $600 on the disposal of a plant asset. b. an unrecognized gain of $1,000 on the exchange of a plant asset. c. a cost basis of $22,400 for the new plant asset. d. a cost basis of $20,600 for the new plant asset. e. a credit to accumulated depreciation of $21,500.
Offering employees flexible work schedules, which allows them more time with family and friends, would satisfy which of the needs from Maslow's hierarchy?
A. Safety needs B. Esteem needs C. Social needs D. Physiological needs E. Self-actualization needs
Which of the following is NOT true about duration?
A. It equals the years-to-maturity for a zero coupon bond B. It equals the weighted average of payment times for a bond, where weights are proportional to the present value of payments C. Equals the weighted average of individual bond durations for a portfolio, where weights are proportional to the present value of bond prices D. The prices of two bonds with the same duration change by the same percentage amount when interest rate moves up by 100 basis points