during the year 700 Cash paid for miscellaneous expenses incurred in the year 2015 120,000 Based on the accrual basis of accounting, Elanke’s net income for the year is __________. $159,300 $39,300 $339,300 $459,300 A company issues 100,000 shares at $50 per share. It has a debt-equity ratio of 2:1. If the company announces a 3-for-1 stock split, what will be the result? The total stockholder’s equity will increase and the debt-equity ratio will decrease. The total stockholder’s equity will decrease and the debt-equity ratio will remain unchanged. The total stockholder’s equity and the debt-equity ratio will decrease. The total stockholders’ equity and the debt-equity ratio will remain unchanged. Calculate the operating profit or (loss) from the information given below. Sales revenue $320,000 Sales returns 11,000 Cost of goods sold 210,000 Selling expense 23,520 Administrative expense 46,270 Marketing expense 26,880 Research and development 6,300 ($3,970) $3,970 $7,030 ($7,030) The HR manager of Delta Corp.: According to our rewards and recognition program, employee achievements are acknowledged and employees are given gift vouchers through emails on reaching milestones and targets. I feel this is not enough to make employees feel appreciated. In my previous company, work anniversaries and professional achievements were celebrated in organization-wide meetings, where the concerned employee would be publicly rewarded. After all, I would love it if my efforts were recognized like this! Therefore, such an idea would be a great success in our company. Which of the following statements, if true, weakens the HR manager’s argument? The HR manager of Delta Corp.: According to our rewards and recognition program, employee achievements are acknowledged and employees are given gift vouchers through emails on reaching milestones and targets. I feel this is not enough to make employees feel appreciated. In my previous company, work anniversaries and professional achievements were celebrated in
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