What do you call a person with a Certified Public Accountancy designation who prepares financial and tax documents, or inspects financial accounts of businesses or individuals?
A) Fiduciary
B) Lawyer
C) Financial Advisor
D) Budgeteer
E) Accountant
E) Accountant
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After each transaction is posted from the general ledger to the accounts receivable subsidiary ledger a slash and a checkmark should be placed in the:
a. post ref. column. b. credit column. c. date column. d. debit column.
All of the following are arguments against increased social responsibility except
A. social issues are the responsibility of government officials elected for that purpose. B. companies should maximize profits, not solve society's problems, with their time, money, and talent. C. because social problems affect society in general, businesses should not be expected to solve these problems. D. social responsibility by firms can prevent increased government intervention. E. business managers are primarily responsible to stockholders and providing them a good return.
Jackson Motors, Inc. normally sells its electric motors to all buyers for $100. However, a competitor offered to sell similar motors to one of Jackson Motors' biggest customers for only $80 and Jackson Motors offered that customer-but not its other customers-a $80 selling price. According to the Robinson-Patman Act,
A. Jackson Motors is breaking the law, unless it offers to sell motors to all of its customers for $80. B. Jackson Motors has not violated the law-it is just meeting competition. C. Jackson Motors cannot use the "meeting competition in good faith" defense unless it beats its competitor's $80 selling price. D. Jackson Motors cannot lower its $100 selling price. E. Jackson Motors and its competitor are both guilty of price fixing.
Holding all other factors constant, a firm that is subject to a greater level of business risk should employ less financial leverage than an otherwise equivalent firm that is subject to a lesser level of business risk
Indicate whether the statement is true or false