True or false?

Profit is found by subtracting operating costs from total revenue.

Makers Corp. had additions to retained earnings for the year just ended of $415,000. The firm paid out $220,000 in cash dividends, and it has ending total equity of $5.6 million. The company currently has 170,000 shares of common stock outstanding.

if your daughter wants to earn $215,000 within the next twenty-three years and salaries grow at 4.45% per year, at what salary should she start to reach her goal?

What is obscene is now determined by one uniform national standard. True or False?

The inventory of Cullumber Company was destroyed by fire on March 1. From an examination of the accounting records, the following data for the first 2 months of the year are obtained: Sales Revenue $51,000. Sales Returns and Allowances $1,100.

Where do banks get money to lend to borrowers? the bank's management their shareholders the money market their depositors

On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. After recording the entry to bring the accumulated depreciation up-to-date, the delivery van had accumulated depreciation of $18,000.

Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 60,000 $1 par common shares. The exercise price equals the $5 market price of the common stock on the grant date.

Altman Corporation is considering investing $75,000 in a new piece of machinery that will generate net annual cash flows of $25,000 each year for the next 5 years. The machine has a salvage value of $8,000 at the end of its 5 year useful life.

External users of financial information: Multiple Choice Are those individuals involved in managing and operating the company. Are not directly involved in operating the company. Make operating decisions for a company.

Bram buys a bulldozer from construction equipment corporation, which he leases to earth movers, inc. in this situation, the lessee is