3 . Corporations [ LO3 ] What is the primary disadvantage of the corporate form of organization ? Name at least two advantages of corporate organization .
11 . Goal of the Firm [ LO2 ] Evaluate the following statement : Managers should not focus on the current stock value because doing so will lead to an overemphasis on shortterm profits at the expense of long-term profits .
Ch . 2 : Questions 4 & 9 ( Questions and Problems section ): Microsoft ® Excel ® template provided for Problem 4 .
Building an Income Statement [ LO1 ] Billy ’ s Exterminators , Inc ., has sales of $ 817,000 , costs of $ 343,000 , depreciation expense of $ 51,000 , interest expense of $ 38,000 , and a tax rate of 35 percent . What is the net income for this firm ?
3 . Dividends and Retained Earnings [ LO1 ] Suppose the firm in Problem 2 paid out $ 95,000 in cash dividends . What is the addition to retained earnings ?
3 . Corporations [ LO3 ] What is the primary disadvantage of the corporate form of organization ? Name at least two advantages of corporate organization .
11 . Goal of the Firm [ LO2 ] Evaluate the following statement : Managers should not focus on the current stock value because doing so will lead to an overemphasis on shortterm profits at the expense of long-term profits .
Ch . 2 : Questions 4 & 9 ( Questions and Problems section ): Microsoft ® Excel ® template provided for Problem 4 .
Building an Income Statement [ LO1 ] Billy ’ s Exterminators , Inc ., has sales of $ 817,000 , costs of $ 343,000 , depreciation expense of $ 51,000 , interest expense of $ 38,000 , and a tax rate of 35 percent . What is the net income for this firm ?
3 . Dividends and Retained Earnings [ LO1 ] Suppose the firm in Problem 2 paid out $ 95,000 in cash dividends . What is the addition to retained earnings ?