On may 1, pierce company purchased $60,000 of stanton company’s 12% bonds at 100 plus accrued interest of $2,400. on june 30, pierce received its first semiannual interest. on february 1, pierce sold $50,000 of the bonds at 103 plus accrued interest.

Ryngard corp's sales last year were $38,000, and its total assets were $16,000. what was its total assets turnover ratio (tato)? a. 2.04b. 2.14c. 2.26d. 2.38e. 2.49

Mr. drucker uses a periodic review system to manage the inventory in his dry goods store. he likes to maintain 15 sacks of sugar on his shelves based on the annual demand figure of 225 sacks. it costs $2 to place an order for sugar and costs $1 to hold a sack in inventory for a year. mr. drucker checks inventory one day and notes that he is down to 9 sacks; how much should he order?

What criteria does a company have to meet to be considered a monopoly?