Ratios are generally calculated from historical data. Of what use are they in assessing

the firm's future financial condition?

A holder of Rainbow Funds convertible bonds with a $1,000 par and a $1,100 price can convert the bond to 25 shares of common stock. The stock is currently priced at $36 per share.

On November 1, 2018, Bob, a cash basis taxpayer, gave Dave common stock. On October 30, 2018, the corporation had declared the dividend payable to shareholders of record as of November 22, 2018. The dividend was paid on December 15, 2018.

The act of entering a transaction in a journal is called

Crane Construction is constructing an office building under contract for Cannon Company and uses the percentage-of-completion method. The contract calls for progress billings and payments of $1450000 each quarter.

You have $19,000 you want to invest for the next 28 years. You are offered an investment plan that will pay you 8 percent per year for the next 14 years and 12 percent per year for the last 14 years. a.

Walkers World Company gathered the following information for 2019: Total sales revenue (65% on credit) $432,000 Cost of goods sold 231,000 Sales returns and allowances (on credit) 44,000 Accounts receivable at end of 2019 ($30,000 increase during

Businesses can useGlobalization

Whether the trade balance is positive (surplus) or negative (deficit) is important because it provides a measure of the financing needs of a particular country. Hence, the trade balance is more important than the current account balance.

When can one say that a product has "value"?

Suppose Compu-Global-Hyper-Mega-Net borrows $100,000 from Mel's Savings and Loan for one year at a 10% interest rate. At the end of the year; the owner, Mr. Simpson, has to repay $110,000.