Quiz

4. What percentage of federal revenues is made up of corporate taxes?

A about 25 percent

B about 5 percent

C about 10 percent

D about 45 percent

An income statement a. summarizes the changes in retained earnings for a specific period of time. b. reports the changes in assets, liabilities, and stockholders' equity over a period of time. c.

What is the weighted average cost of capital after taxes for Moss Diet Centers if the target weights are 25% equity and 75% debt, and the costs of equity and after-tax debt are 15% and 12%, respectively

You find that the bid and ask prices for a stock are $10.25 and $10.30, respectively. If you purchase or sell the stock, you must pay a flat commission of $25 on each trade.

CWN Company uses a job order costing system and last period incurred $89,000 of actual overhead and $100,000 of direct labor. CWN estimates that its overhead next period will be $66,000. It also expects to incur $100,000 of direct labor.

The Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000 in.

A teacher writes the results of a test on the board: 7 students received a's, 10 students received b's, 18 students received c's, 4 students received d's and 1 student received an f.

Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2 for $34,000.

Suppose the following two events occur in the market for elementary school teachers: a. Overcrowded schools and education budget cuts have discouraged young college students from pursuing careers in teaching. b.

A local university is facing some tough decisions, so they are using the decision tree, which contains individuals, websites, and organizations that specialize in handling sensitive and difficult decisions. A. True B. False

Samson Corporation issued a 4-year, $75,000, zero-interest-bearing note to Brown Company on January 1, 2020, and received cash of $47,664. The implicit interest rate is 12%.