The following amounts were taken from the financial statements of Brandt Company. The times interest earned ratio for 2010 is a 3.0 times b. 4.8 times c.4.0 times. d. 5.2 times. Net sales are $3,000,000, beginning total, assets are $1, 400,000. and the asset turnover is 3.0 times. What is the ending total asset balance? a. $1, 400,000. b. 800,000. c. $1,000,000. d. $ 600,000. In reporting discontinued operations, the income statement should show in a special section (a) gains on the disposal of a discontinued component (b) losses on the disposal of a discontinued component a. both (a) and (b). b.(a)only. c. (b) only. d. neither (a) nor (b). Foster Corporation had net income of $160,000 and paid dividends to common stockholders of $40,000 in 2010. The weighted average number of shares outstanding in 2010 was 50,000 shares. Foster Corporation common stock is selling for $50 per share on the New York Stock Exchange. Faster Corporation s payout ratio for 2010 is a 12.5%. b. $5 per share. c. 25%. d. 20%. The following schedule is a display of what type of analysis? a Vertical analysis b. Differential analysis c. Ratio analysis d. Horizontal analysis Which of the following is not an internal user? a. Treasurer b. Controller c. Creditor d. Department manager What activities and responsibilities are not associated with management's functions? a. Directing b. Accountability c. Planning d. Controlling Which one of the following would not be classified as manufacturing overhead? a. Insurance on factory building. b. Direct materials c. Indirect labor d. Indirect materials Which of the following is not another name for the term manufacturing overhead? a. Burden b. Factory overhead c. Indirect manufacturing costs d. Pervasive costs