MC Qu. 96 Cloverton Corporation had... Cloverton Corporation had net income of $35,840, net sales...
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MC Qu. 96 Cloverton Corporation had...
Cloverton Corporation had net income of $35,840, net sales of $800,000, and average total assets of $640,000. Its return on total assets is:
Multiple Choice
-125.0%
-17.9%
-1.8%
-4.5%
-5.6%
MC Qu. 73 A company purchased...
A company purchased $120,000 of 6% bonds on May 1 at par value. The bonds pay interest on March 1 and September 1. The amount of interest accrued on December 31 (the company's year-end) would be:
Multiple Choice
-$1,200.
-$3,600.
-$6,000.
-$3,000.
-$2,400.
MC Qu. 74 A company paid...
A company paid $45,800 plus a broker's fee of $725 to acquire 10% bonds with a $48,000 maturity value. The company intends to hold the bonds to maturity. The cash proceeds the company will receive when the bonds mature equal:
Multiple Choice
-$48,725.
-$52,800.
-$45,800.
-$48,000.
-$46,525.
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