Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
1) A company paid cash dividends on its preferred stock of $40,000 in the current year
when its net income was $120,000 and its average common stockholders' equity was
$640,000. What is the company's return on common stockholders' equity?
2) There are at least five benefits from budgeting. Identify two of these benefits:
(1) _______________________________________
(2) _______________________________________
3) In a manufacturing operation with two process departments (1 and 2), the flow of
costs would proceed from Goods in Process, Dept #1 to ______________.
4) The following items for Titus Company are used to compute the cost of goods
manufactured and the cost of goods sold. Indicate how each item should be used in the
calculations by filling in the blanks with "+" if the item is to be added, "-" if the item is
to be subtracted, or "0" if the item is not used in the calculation. The first item is
completed as an example.
5) How does the calculation of break-even time (BET) differ from the calculation of
payback period (PBP)?
