The most widely used form of business entity in the

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40. The most widely used form of business entity in the U.S. is the: A. limited liability company. B. general partnership. C. sole proprietorship. D. corporation. E. limited partnership. BLOOMS TAXONOMY QUESTION TYPE: KNOWLEDGE LEARNING OBJECTIVE NUMBER: 3 LEVEL OF DIFFICULTY: BASIC Ross - Chapter 001 #23 SECTION: 1.3 TOPIC: SOLE PROPRIETORSHIP TYPE: CONCEPTS 41. The interest rate used to compute the present value of a future cash flow is called the: BLOOMS TAXONOMY QUESTION TYPE: KNOWLEDGE LEVEL OF DIFFICULTY: BASIC Ross - Chapter 004 #8 SECTION: 4.2 TOPIC: DISCOUNT RATE TYPE: DEFINITIONS 42. A firm has sales for the year of $286,000. The profit margin is 6 percent and the retention ratio is 70 percent. What is the common-size percentage for the dividends paid? BLOOMS TAXONOMY QUESTION TYPE: APPLICATION LEARNING OBJECTIVE NUMBER: 1 LEVEL OF DIFFICULTY: BASIC Ross - Chapter 003 #40 SECTION: 3.1 TOPIC: COMMON-SIZE STATEMENTS TYPE: PROBLEMS
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43. Capital structure refers to the: BLOOMS TAXONOMY QUESTION TYPE: KNOWLEDGE LEARNING OBJECTIVE NUMBER: 1 LEVEL OF DIFFICULTY: BASIC Ross - Chapter 001 #2 SECTION: 1.2 TOPIC: CAPITAL STRUCTURE TYPE: DEFINITIONS 44. Today, you deposit $10,750 in a bank account that pays 3 percent simple interest. How much interest will you earn over the next 7 years? A. $1,935.00 B. $2,257.50 C. $2,580.00 D. $2,086.06 E. $2,471.14 BLOOMS TAXONOMY QUESTION TYPE: APPLICATION LEARNING OBJECTIVE NUMBER: 1 LEVEL OF DIFFICULTY: BASIC Ross - Chapter 004 #28 SECTION: 4.1 TOPIC: SIMPLE INTEREST TYPE: PROBLEMS 45. Southside, Inc. has beginning long-term debt of $47,500, which is the principal balance of a loan payable to The North Savings Bank. During the year, the company paid a total of $19,000 to the bank, including $3,800 of interest. The company also borrowed $7,000. What is the value of the ending long-term debt? BLOOMS TAXONOMY QUESTION TYPE: APPLICATION LEVEL OF DIFFICULTY: BASIC Ross - Chapter 002 #63 SECTION: 2.1 TOPIC: LONG-TERM DEBT TYPE: PROBLEMS
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