When your mind is wondering and thinking about what you will do after completing this quiz would be best referred to as

Suppose you buy stock at a price of $[o] per share. Four months later, you sell it for $[p]. You also received a dividend of $0.80 per share. What is the percentage holding period rate of return on this investment?

Which of the following demonstrates a successful conclusion of an ethical decision-making process?

Determining whether a situation has a “moral dimension” that should be considered can be addressed by asking the question “Why is this setting off alarm bells?”

Which of the following is NOT a fair question to ask yourself re: a potentially unethical situation?

Selective reporting of data is usually not considered to be unethical research behavior. Reporting of non-existent data is always an example of unethical research behavior.

Snow Company purchased a tractor at a cost of $200,000 on January 1, Year 1. The tractor has an estimated salvage value of $40,000 and an estimated life of 5 years.  If Snow uses the straight-line method, what is the book value at December 31, Year 2?

The December 31, balance sheet of Iyer Company includes the following information: Inventory                                            $550,000 Prepaid Expenses                                    70,000 Salary expense                                         80,000 Total Current Assets                          1,200,000 Total Current Liabilities                       875,000 Accounts Payable                                 540,000 Notes payable                                       100,000 What is Iyer’s quick ratio at December 31?

Suckow, Inc. acquired a machine that involved the following expenditures and related factors:   Gross invoice price …………………………………………….. $71,600 Sales tax ………………………………………………………… 5,280 Cash discount taken …………………………………………… 1,632 Freight expense paid by the seller……………………………………………………………. 2,880 Assembly of machine ………………………………………….. 2,400 Installation of machine ………………………………………… 3,600 Tuning and adjusting machine before use …………………… 1,920 The initial accounting cost of the machine should be:

On January 1, Year 1, Campbell, Inc. purchased a new machine for $150,000. Its estimated useful life is eight years with an expected salvage value of $12,000. Assuming double-declining balance depreciation, Year 1 depreciation expense is: