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A company shows common size comparisons for two years on balance sheets. There is almost a two-fold increase in cash and equivalents, a 3% decrease in inventories, a small decrease in net property and equipment, and a large increase in retained earnings.
What does this data indicate about the company?
A. Its financial strength has improved.B. Its financial strength has deteriorated.C. It is failing to maintain its financial strength and should have serious concerns about its net income.D. It is a stable company but it should be concerned about the performance of its assets in relation to income
The results, in tons of force required for breakage, are as follows: Determine the mean, median, range, and midrange. Calculate the mean absolute deviation (MAD).
Which of the following is not a business transaction? a) Erin deposits $15,000 in a bank account in the name of Erin's Lawn Service. b) Erin provided services to customers earning fees of $600.
The specific heat of liquid bromine is 0.226 J/g-K. How much heat (J) is required to raise the temperature of 10.0 mL of bromine from 25.00C to 27.30C? The density of liquid bromine: 3.12 g/mL
Stephen Bosworth, a super salesman contemplating retirement on his fifty-fifth birthday, decides to create a fund on an 8% basis that will enable him to withdraw $30,500 per year on June 30, beginning in 2014 and continuing through 2017.
What are at least four international financial management issues the combined company doing business internationally must address that would not be a concern of a company just doing business domestically?
Write a lecture that explains the gold standard and addresses the functions of the worlds major exchange markets. Be sure to discuss the positive and negative aspects of using a gold standard.
Acherman Company was organized on May 31 of the current year. Projected operating expenses for each of the first three months of operating are as follows: June $64000, July $81000, August $104500.
A 1L flask is filled with 0.25 mol N2and 0.65 mol H2 at 20 oC. These gases react to make NH3, heating up the flask to a temperature of 45 oC.
For commercial banks in each state, the U.S. Federal Deposit Insurance Corporation has determined the percentage of domestic assets held by multibank holding companies. Display the distribution as a less-than ogive.
Reflection Assignment: Reflect on your development as a writer since the beginning of the semester in approximately
On January 1, 2007, Sloane Co. purchased 25% of Orr Corp.'s common stock; no goodwill resulted from the purchase. Sloane appropriately carries this investment at equity and the balance in Sloane's investment account was $720,000 at December 31, 20..
Of the remaining 80% (the credit sales), 60% are collected in the month of sale, with remaining 40% collected in the following month. What is the total cash collected (both from accounts receivable and for cash sales) in the month of January?
Why must preferred stock dividends be subtracted from net income in computing earnings per share? Why is common stock usually not issued at a price that is less than par value?
The City of Martinville had the following pre-closing account balances in its General Fund as of June 30, 2012. Debits and credits are not separated; each account had its "normal" balance.
The new management of YC Inc. has increased the amount of their year-end liability-expense accruals by over 35% compared to recent years, primarily in recording estimated future warranty expenses. The most likely reason for this action is to:
Prepare a pension worksheet for the pension plan in 2008. Prepare any journal entry(ies) related to the pension plan that would be needed at December 31,2008. Prepare a pension worksheet for 2009 and any journal entry(ies) related to the pension plan..
What is the difference between accural-basis accounting and cash-basis accounting? Why would politicians prefer the cash basis over the accrual basis?
Discuss how we account for investment gains and losses. Is there any controversy here? What is it and why?
Wecker Company's year-end unadjusted trial balance shows accounts receivable of $89,000, allowance for doubtful accounts of $500 (credit), and sales of $270,000. Uncollectibles are estimated to be 1.5% of accounts receivable. a) Prepare the Decemb..
Suppose a stock had an initial price of $83 per share, paid a dividend of $1.40 per share during the year, and had an ending share price of $96.
Par Four Issues $1,700,000 of 10%, 10-year bonds dated January 1, 2011, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,505,001.
A. Low Carb Diet Supplement, Inc. has two divisions. Division A has a profit of $100,000 on sales of $2,000,000. Division B is only able to make $25,000 on sales of $300,000. Based on the profit margins (returns on sales), which division is superior?
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