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

the firm's future financial condition?

A consulting firm submitted a bid for a large research project. the firm's management initially felt they had a 50-50 chance of getting the project.

Cars from an online service were examined to see how fuel efficiency (highway mpg) relates to cost (in dollars). According to the regression equation, a used car that costs $13,000 is predicted to get about 30.24 miles per gallon.

What other information would you need to be confident that the equation in requirement 2 accurately predicts the cost of manufacturing drink bottles? A.

Financial aid staff at a local university are studying issues affecting student debt. They noticed that students who own more credit cards tend to have larger combined debt balances.

Which of the following is an asset use transaction? a. Purchased machine for cash b. Recorded insurance expense at the end of the period c. Invested cash in an interest earning account d. Accrued salary expense at the end of the period

All else equal, active retention is a good option for firms: a. That have highly liquid assets b. That do not have a lot of debt c. Whose losses are predictable d. all of the above e. none of the above

Sheffield Company purchases $50,300 of raw materials on account, and it incurs $63,900 of factory labor costs.

Macrosoft Company reports net income of $65,000. The accounting records reveal depreciation expense of $80,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $60,000, $12,000, and $18,000, respectively.

Hornberger, Inc. recently paid a dividend of $2.00 per share. The next dividend is expected to be $2.05 per share. Hornberger has a return on equity of 11.00%. What percentage of its earnings does Hornberger plow back into the firm?

A tip of $10 is best for which kind of service? A. a mover who delivers furniture to your new home B. a valet who parks your car at a restaurant C. a waiter at a fast-food restaurant