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NEW QUESTION: 1
In the stable operation of the NeCol5000-A35kW air conditioner compressor, the oil level observed by the oil sight is regarded as qualified at the ( ) position.
A. 1/4~1/2
B. 1/3~1
C. 0~14
D. >1
Answer: B
NEW QUESTION: 2
At the beginning of the year, Chock Company had $50,000 in assets and $20,000 in liabilities. At the end of the year, the company had $80,000 in assets and $40,000 in liabilities. If, during the year, no investments were made in the business and dividends of $2,000 were declared and paid during the year, net income for the year must have been:
A. $10,000.
B. $8,000.
C. $12,000.
Answer: C
Explanation:
Net income for the year was $12,000. Net income or loss (revenues less expenses) and dividends affect stockholders' equity. Stockholders' equity would have been $30,000 at the beginning of the year ($50,000 - $20,000) and $40,000 at the end of the year ($80,000 - $40,000). The change in stockholders' equity over the year was a $10,000 increase. If $2,000 was declared and paid in dividends, net income must have been $12,000 ($30,000 + $12,000 - $2,000 = $40,000).
NEW QUESTION: 3
Creditors and investors use financial performance evaluation to judge a company's
I). past performance.
II). current position.
III). future potential and its related risk.
A. I and III.
B. I, II and III.
C. II and III.
Answer: B
Explanation:
Creditors and investors do use financial performance evaluation to judge a company's past performance, but also to judge its current position and future potential and its related risk.
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