The following data were taken from the financial statements of hunter inc. for december 31 of two recent years: current year previous year accounts payable 184,000 5604,000 current maturities of serial bonds payable 400,000 400,000 serial bonds payable, 10% 1,690,000 2,090,000 common stock, $1 par value 90,000 120,000 paid-in capital in excess of par 990,000 990,000 retained earnings 3,410,000 2,710,000 the income before income tax was $564,300 and $493,800 for the current and previous years, respectively. determine the ratio of liabilities to stockholders equity at the end of each year. round to one decimal place. a. current year previous year b. determine the times interest earned ratio for both years. round to one decimal place. current year previous year c. the ratio of liabilities to stockholders' equity has and the number of times bond interest charges were earned has from the previous year. these results are the combined result of a income before income taxes and interest expense in the current year compared to the previous year

10.     lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal. student d   incorrect

The new york times (nov. 30, 1993) reported that “the inability of opec to agree last week to cut production has sent the oil market into turmoil . . [leading to] the lowest price for domestic crude oil since june 1990.” why were the members of opec trying to agree to cut production? so they could save more oil for future consumption so they could lower the price so they could raise the price why do you suppose opec was unable to agree on cutting production? because each country has a different production capacity because each country experiences different production costs because each country has an incentive to cheat on any agreement the newspaper also noted opec’s view “that producing nations outside the organization, like norway and britain, should do their share and cut production.” what does the phrase “do their share” suggest about opec’s desired relationship with norway and britain? opec would like norway and britain to keep their production levels high. opec would like norway and britain to act competitively. opec would like norway and britain to join the cartel.

During the economic periods of , the economy is at its highest point and unemployment is low, in addition, total income is high and consumers are willing to buy products and services.