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Which of the following statements about first-line managers is true? a. They officially represent their organization to the external environment. b. They typically spend a large proportion of their time supervising the work of their subordinates. c. They are primarily responsible for implementing policies made by top managers. d. They make decisions about activities such as acquiring other companies and entering or abandoning various markets. e. They are typically involved in creating overall organizational strategies and goals.
Commercial banks create money by A. Making loans while only keeping a fraction of deposits in cash on hand at any given time. B. Printing money as the needs of the economy change. C. Accepting loan payments that are made on time. D. Borrowing money from other banks.
Seth is elderly with few family members and has little interaction with the world Raylene, who is Seth's granddaughter, convinces him to buy a certain piece of real estate on the beach at a greatly inflated price by telling him that she will visit him every day if he does. Raylene may be liable for O a. duress O b. mistake O c. undue influence. O d. fraud QUESTION 11 nointe
"A theater sells a subscription series that allows patrons to attend all 8 of its productions that occur monthly from October through May. During August and September, the theater sold 1,000 subscriptions for the 2010-2011 season at $ 80 each and collected cash. How much revenue from these subscriptions should the theater recognize in its financial statements for the year ended December 31, 2010?"
The following is the cash collection model the company uses for its cash budget: 50% month of sale 40% month after sale 10% 2 months after sale The composition of the company's accounts receivable account balance of $65,000 on January 1st is as follows: $42,000 December sales $23,000 November sales. Show the budgeted total cash the company will collect in January?
A 4-year project has an annual operating cash flow of $58,000. At the beginning of the project, $4,900 in net working capital was required, which will be recovered at the end of the project. The firm also spent $23,700 on equipment to start the project. This equipment will have a book value of $5,180 at the end of the project, but can be sold for $6,060. The tax rate is 35 percent. What is the Year 4 cash flow?
On January 1, 2021, Tiny Tim Industries had outstanding $1,000,000 of 11% bonds with a book value of $966,500. The indenture specified a call price of $983,000. The bonds were issued previously at a price to yield 13% and interest payable semi-annually on July 1 and January 1. Tiny Tim called the bonds (retired them) on July 1, 2021. What is the amount of the loss on early extinguishment?
If China wished to reduce their accumulation of foreign exchange reserves they could: A. allow their currency, the yuan, to float freely in the market place. B. reduce their current account surplus by importing more goods than they export. C. undertake both of the activities identified in choices A and B. D. try their best to reduce the trade imbalances with the rest of the world.
Starting from a short-run equilibrium, when the Fed decreases the quantity of money, _______. A. the quantity of unplanned reserves in the economy increases and banks make more loans B. people enter the loanable funds market and buy bonds C. banks conduct an open market operation and sell Treasury bills D. people enter the loanable funds market and sell bonds
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