Answer: False
Explanation:
A stock redemption refers to a scenario where a company calls back its shares from shareholders. Not all shares allow for this to happen as there would have to be a provision in the stock that allows it to happen.
When a company performs a redemption, they do not have to cancel the shares immediately. They can either choose to retire them or they can keep them in reserve as treasury stock.
Answer:
$9.7 million
Explanation:
The amount of warranty expense on Angel's 2021 income statement = Net sales x 5%
= $194 million x 5%
= $9.7 million
Thus, the amount of warranty expense on Angel's 2021 income statement will be $9.7 million
Answer:
1. True
Explanation:
Marginal rate of substitution is quantity of good which a consumer will need to have in order to leave another good. The MRS equals to Px/Py. This will decrease when the demand curve decreases.
I would say true because hiring more people would allow more production
The decline in the value of the asset turnover ratio indicates an unfavorable trend in using assets to generate sales.
<h3>What is the asset turnover ratio?</h3>
The asset turnover ratio is a financial ratio known as the activity ratio. It measures the efficiency with which a firm carries out its operations. The higher the asset turnover ratio , the more efficient the firm is and the lower the ratio, the less efficient the firm is.
The asset turnover ratio = revenge / average total ratio
To learn more about financial ratios, please check: brainly.com/question/26092288
