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Last Year Kruse Corp Had $305,000 of Assets, $403,000 of Sales

question 100

Multiple Choice

Last year Kruse Corp had $305,000 of assets, $403,000 of sales, $28,250 of net income, and a debt-to-total-assets ratio of 39%. The new CFO believes the firm has excessive fixed assets and inventory that could be sold, enabling it to reduce its total assets to $252,500. Sales, costs, and net income would not be affected, and the firm would maintain the same debt ratio (but with less total debt) . By how much would the reduction in assets improve the ROE?

Identify the contrasting views of human nature held by Federalists and Anti-Federalists and their implications for republican institutions.

Recognize the factors leading to the Constitutional Convention and their significance.

Appreciate the contributions of Anti-Federalists to the American political system, especially the Bill of Rights.

Understand the chief obstacles to the ratification of the U.S. Constitution and their resolution.

Definitions:

Voter Preference

The inclination or favoritism of voters towards particular candidates, parties, or policies in an election.

T Test

A statistical test used to compare the means of two groups to determine if they are significantly different from each other.

Mann-Whitney U Test

is a non-parametric statistical test used to compare differences between two independent groups when the dependent variable is ordinal or continuous but not normally distributed.

Chi-Square Test

A statistical test used to determine the significance of an observed association between categorical variables.