If sprinkle industries has a margin of safety ratio of. 60, it could sustain a 60 percent decline in sales before it would be operating at a loss.

a. True

b. False

A person sold 100 shares of a stock at a profit of 15%. If the selling price for the 100 shares was $2,300, what was paid for the stock?

Grocery Corporation received $330,654 for 9.50 percent bonds issued on January 1, 2018, at a market interest rate of 6.50 percent.

Tropic beach balls, inc. is considering several investment options. if the company wants to maximize investment income, when is the best time for tropic to invest its excess cash?

Alice purchases a rental house on August 22, 2017, for a cost of $174,000. Of this amount, $100,000 is considered to be allocable to the cost of the home, with the remaining $74,000 allocable to the cost of the land.

What is the goal of ergonomics?

When starting a business it is best to? A. Borrow from bank B. Find investors C. Use your saving D. Obtain a loan from family or friend

Which of the following is an advantage of consumer credit? a) It costs more than cash purchases. b) It can encourage customers to spend beyond their means. c) It can allow you to save money if you time your purchases correctly.

Why should you sort mail into categories before presenting it to the executive?

skywalker limited shares of jedi jewellers during 2018 for $124000. Skywalker elected the air value option for accounting for this investment. At year end 208, 2019 and 2020 this investment has a fair value of $120000, $128000 and 138000.

Not adjusting the amounts reported in the financial statements for inflation is an example of which basic assumption or principle of accounting? a. Economic entity. b. Going concern. c. Historical cost. d. Full disclosure.