Business

The year-end financial statements of Greenway Company contained the following elements and corresponding amounts: Assets = $23,000; Liabilities = ?; Common Stock = $5,300; Revenue = $11,600; Dividends = $900; Beginning Retained Earnings = $3,900; Ending Retained Earnings = $7,300.The amount of liabilities reported on the end-of-period balance sheet wasA. $11,200.B. $10,400.C. $13,800.D. $9,200.
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What is the present value of an annuity of $6,000 per year, with the first cash flow received three years from today and the last one received 25 years from today? Use a discount rate of 7 percent.
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Baxley Brothers has a DSO of 26 days, and its annual sales are $6,205,000. What is its accounts receivable balance? Assume that it uses a 365-day year. Round your answer to the nearest cent.
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Juniper Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $450,000 on sales of $1,200,000. The companys average operating assets for the year were $1,400,000 and its minimum required rate of return was 13%. Required: Compute the companys residual income for the year.
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Drudgen Fitness Inc. is a fitness equipment provider that markets its products through a chain of retailoutlets in four states. As part of its expansion strategy, the company decides to open outlets in four morestates and decides to revise its existing business processes. According to the five-component model ofinformation systems, which of the following processes will be the least disruptive to the organization?1. collecting demographic data from the new markets 2. developing new CRM software for the existing and new outlets 3. relocating existing employees and hiring new employees 4. buying and installing new computers in the new outlets
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Samantha is the return desk coordinator in a department store, and she has set a goal this month of finishing her daily office work quicker so she can assist at the Return Desk earlier in the morning. She knows this will also help decrease theft, which will assist the company in achieving its goal of decreasing costs. Samantha's goal of finishing her office work quicker is a(n)operational goal T/F
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Matt Bennett wishes to have $ 110 comma 000 in six years. If he can earn annual interest of 8%, how much must he invest today?
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Barb is trying to take control of her time by using an online time tracking system that tracks her time spent on tasks and projects. She heard that if you do something for seven weeks it becomes a habit. The activity in our brain that decides whether a behavior should be repeated and stored is ______.
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Mountaineer excavation operates in a low-lying area that is subject to heavy rains and flooding. because of this, mountaineer purchases one year of flood insurance in advance on march 1, paying $36,000 ($3,000/month). Required:1. Recore the purchase of insurance in advance on March,1.1. Record the adjusting entry on December, 31.
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If the value of an investment is $1500 in 12 years and the interest rate is 6%, how much is the investment worth now?
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The reserve ratio is 20% for the banking system below. If the Federal Reserve sells $50,000 of Treasury bills to the banking system, then the money supply will decrease by $_____.
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Ajax, Inc., issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bonds have a carrying value of $990,000. We call these bonds prior to maturity on September 30. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
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The quantity supplied of coffee beans decreases when: a. Average annual rainfall decreases due to a drought in Central and South America b. The price of coffee beans falls c. The price of tea rises. d. A labor union for coffee bean pickers forms and wages rise
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__________ seeks to be the preeminent professional association providing worldwide leadership for the evolving logistics profession through the development, dissemination, and advancement of logistics knowledge.a. CSCMPb. APICSc. ISMd. ASQ
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In Step 1 of developing an EFE Matrix, how many opportunities and threats should be included in the full and narrow lists, respectively? A. 200, 20 B. 100, 20 C. 50, 10 D. 200, 10 E. 100, 10
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A tax placed on environmentally harmful activities or emissions in an attempt to internalize some of the externalities that may be involved in the life cycle of those activities or products. True or false?
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In 2008, Upper Crust had cash flows from investing activities of $270,000 and cash flows from financing activities of $163,000. The balance in the firm's cash account was $86,000 at the beginning of 2008 and $118,000 at the end of the year. What was Upper Crust's cash flow from operations for 2008?A- $118,000B- $465,000C- $32,000D- $433,000
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A customer alleges wrongdoing on the part of a registered representative and files a complaint with the broker/dealer. The broker/dealer decides to settle without going to arbitration/trial and pays the client a total of $18,000. What is required in this situation?
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What is a stock that reinvests its earnings in the business instead of paying regular dividends called?
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Roberto, a manager at GBN, has to prepare a report about the advantages of introducing a counseling program for employees in his company. In his report, he makes the claim that introducing a counseling program would reduce voluntary turnover because employees would be happier with their pay packages, but he offers no evidence linking counseling with pay. This report failed to effectively deliver the message that Roberto had intended. Which of the following is the most likely reason for its failure?a. weak analogy. b. exaggeration. c. either/or logic. d. unsupported generalization. e. slanting of facts.
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Local Co. has sales of $ 10.2 million and cost of sales of $ 5.7 million. Its selling, general and administrative expenses are $ 550 comma 000 and its research and development is $ 1.2 million. It has annual depreciation charges of $ 1.1 million and a tax rate of 35 %. a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? a. What is Local's gross margin? Local's gross margin is nothing%. (Round to one decimal place.) b. What is Local's operating margin? Local's operating margin is nothing%. (Round to one decimal place.) c. What is Local's net profit margin? Local's net profit margin is nothing%. (Round to two decimal places.)
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Assume that your parents wanted to have $100,000 saved for college by your 18th birthday and they started saving on your first birthday. They saved the same amount on your birthday and earned 8.0% per year on their investments.A. How much would they have to save each year to reach their goal?B. If they think you will take five years instead of four to graduate to graduate and decide to have $140,000 saved just in case, how much more would they have to save each year to reach their new goal?
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. During 20X9, Alpha Co. purchased debt securities classified as trading securities. At the end of 20X9, the market value of Alphas investment in debt securities exceeded the amortized cost. Alpha should report the debt securities on its 20X9 balance sheet atMultiple Choicea. Amortized costb. Market valuec. Costd. Lower of cost or market
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Shawn claims that he multitasks very effectively, and also says that he actually performs better while multitasking than when doing a single task. You ask Shawn to test this claim. Shawn reads a newspaper article while listening to a baseball game, and then reads another article in silence. Based on research on multitasking, when you time Shawn's reading speed and test his comprehension, you are likely to find that his reading is A) both slower and less accurate when listening to the game b) faster slower and less accurate when listening to the game c) Both d) NOne of these
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