Which of the following is NOT true regarding the stakeholder capitalism model?
A) Banks and other financial institutions are less important creditors than securities markets.
B) Labor unions are more powerful than in the Anglo-American markets.
C) Governments interfere more in the marketplace to protect important stakeholder groups.
D) All of the above are TRUE.
Answer: A
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A company that uses the percent of sales to account for its bad debts had credit sales of $740,000 in Year 1, including a $720 sale to Marshall Fresh. On December 31, Year 1, the company estimated its bad debts at 1.5% of its credit sales. On June 1, Year 2, the company wrote off, as uncollectible, the $720 account of Marshall Fresh. On December 21, Year 2, Marshall Fresh unexpectedly paid his account in full. Prepare the necessary journal entries: (a) On December 31, Year 1, to reflect the estimate of bad debts expense. (b) On June 1, Year 2, to write off the bad debt. (c) On December 21, Year 2, to record the unexpected collection.
What will be an ideal response?
To decrease the possibility of one's job being outsourced, the worker should
A) emphasize relationship building in his or her position. B) agree not to ask for salary increases for three years. C) perform strictly technical work. D) find a job where being physically present is not so important.
Under the current law, lenders must meet quotas in extending credit to women and minorities
Indicate whether the statement is true or false
Pear Computer Corp plans to introduce a new model called the Bartlett, whose sales are expected to grow rapidly until the computer becomes obsolete in five years
Net cash inflows to be realized at the end of the first year are $1 million, and they are expected to increase $1 million per year for each of the remaining 4 years. Cash outflows for production expenses are $3.5 million today and an additional $1.5 million at the end of the second year to increase capacity. If Pear's cost of capital is 10%, what is the project's NPV? Round to nearest whole dollar amount. A) $9,412,700 B) $5,912,919 C) $6,173,452 D) $5,123,936 E) $8,998,418