Answer Happy

The year-end financial statements of Prize Inc. include the accounts receivable footnote: Total accounts and other receivables at December 31 consisted of the following: Year 2 Year 1 $395.0 $423.6 (in millions) Total accounts and other receivables Allowance for doubtful accounts (6.0) (7.4) Total accounts and other receivables, net $389.0 $416.2 The balance sheet reports total assets of $2,984.1 million at December 31, Year 2. The common-size amount for gross accounts and other receivables are: Select one: O O a. 13.0% b. None of these are correct. c. $395.0 million d. $389.0 million e. 13.2%

Reed Corp. sells $500,000 of bonds to private investors. The bonds are due in five years, have a 6% coupon rate, and interest is paid semiannually. The bonds were sold to yield 4%. What proceeds does Reed receive from the investors? Select one: O a. $457,349 O b. $457,876 O c. None of these are correct. O d. $544,913 O e. $544,518

Ace Systems Inc. reported the following in its annual income statement: Basic earnings per share of $2.13 and diluted earnings per share of $2.11. There were 5,053 million weighted average basic shares outstanding during the year. What approximate net income, did the company report for the year? Select one: O a. $10,763 million b. None of these are correct. c. $2,372 million d. $2,395 million e. $10,662 million or