You have a choice of whether to lease or buy a location. You can lease it for $3,500 per month or buy it for $1 million. A bank will give you a mortgage at 4% per year. How will your monthly mortgage interest compare to the monthly lease cost?

Norfolk Southern Corporation reports revenue in its income statement when the performance obligation is satisfied instead of when the cash is collected?

The following information was available for the year ended December 31, 2019: Net sales $ 894,250 Cost of goods sold 616,850 Average accounts receivable for the year 40,650 Accounts receivable at year-end 28,200 Average inventory for the year

John worked at a steel mill for 25 years. A recessionary economy and competition with foreign steelmakers forced the closing of the mill. At the age of 45, John is unable to find work in his town, lives in poverty, and must go on welfare.

Madison Metals recently reported $9,000 of sales, $6,000 of operating costs other than depreciation, and $1,500 of depreciation. The company had no amortization charges and no non-operating income.

Jeffery wants to start his own small business, however he needs to persuade lenders and/or investors to back his new venture with capital. What should he do as a preliminary step in beginning his new business?

You are hired by the Council of Economic Advisors (CEA) as an economic consultant. The chairperson of the CEA tells you that she believes the current unemployment rate is too high. The unemployment rate can be reduced if aggregate output increases.

An analytical procedure example is the comparison of: Multiple Choice a. Financial ratios of the current year to previous years. b. Recorded amounts of major disbursements with appropriate invoices. c.

Mary sue owns 1,000 shares of qrs moving company. qrs pays a yearly dividend of $1.00 per share. what is the total annual dividend that mary sue will receive?

To StaySafe around electricity, Ted needs to: A. Follow his gut instinct B. Follow procedures established by his co-workers C. Make sure electrical hazards are resolved immediately D. Practice electrical safety only when his employer is watching

Tangible assets as well as intangible assets of a business need to be assessed for proper venture evaluation. a. True b. False