Reference no: EM132604149
Question 1.) An increase in a company's gross profit margin indicates that the company
a.) has increased selling prices.
b.) has increased sales volume.
c.) has decreased its cost of goods sold.
d.) potentially any of the above could have occurred.
Question 2.) A prior period adjustment for understatement of profit
a.) will show as a gain on the current year's Income Statement.
b.) will be credited to the Retained Earnings account.
c.) will be debited to the Retained Earnings account.
d.) will show as an asset on the current year's Balance Sheet.
Question 3.) Kean's Pumping, Inc. has 20,000, $4, cumulative preferred shares issued at $150, and 100,000 common shares issued at $1, at December 31, 2021. If the board of directors declares a $60,000 dividend, the
a.) preferred shareholders will receive 1/10th of what the common shareholders will receive.
b.) $60,000 will be held as restricted retained earnings and paid out at some future date.
c.) preferred shareholders will receive $30,000 and the common shareholders will receive $30,000.
d.) preferred shareholders will receive the entire $60,000.
|
Find four-period weighted moving average forecast for period
: Find the four-period weighted moving average forecasts for period 5 and 6 using weights of 0.05, 0.15, 0.30 and 0.50 from the earliest period
|
|
Explain the probable income tax treatment of a family
: Question - Explain the probable income tax treatment of a family member's sale of property to a family partnership
|
|
What is the journal entry to record the issuance
: What is the journal entry to record the issuance of 1,000,000 common shares for $8 each and 250,000, $2.50 preferred shares for $3.50 each
|
|
What precautions are necessary to preserve evidencestate
: After the recent security breach, Always Fresh decided to form a computer security incident response team (CSIRT). As a security administrator, you have been.
|
|
Which prior period adjustment for understatement of profit
: Cumulative preferred shares issued at $150, and 100,000 common shares issued at $1, at December 31, 2021. If the board of directors declares a $60,000 dividend
|
|
What is the interest coverage ratio at December
: Based on the above data, what is the interest coverage ratio at December 31st, 2019 (round to two decimal places)
|
|
Evaluate the objectivity and legitimacy or biology
: Evaluate the objectivity and legitimacy or biology information found in articles and online
|
|
Identify high-quality and appropriate scientific information
: Identify a high-quality and appropriate scientific information source on a biological topic
|
|
How much cash did barker receive from the customers
: The accounts receivable balance increased $10,000 during the year. How much cash did Barker receive from its customers during the year?
|