Answer the following statement(s) true (T) or false (F)

Informal risk capitalists are often referred to as business angels.


ANSWER: True

Business

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Which advertising medium generally has circulation or market coverage that is limited to active shoppers?

a. radio b. weekly newspaper c. direct mail d. Yellow pages

Business

Contra asset accounts, such as Accumulated Depreciation, always have normal debit balances

Indicate whether the statement is true or false

Business

XYZ is a paint product manufacturer, and one of the plants is experiencing a substantial increase in demand. The future demand for the products could be low, medium, or high, with probabilities estimated to be 25%, 50%, and 30%, respectively. The company wants to determine the financial impact associated with the three decision alternatives under the varying levels of demand. Given the following payoff matrix, compute the EVPI.


a. $9.5 M
b. $10 M
c. $12.4 M
d. $7 M

Business

Using the following data, what is the change in net working capital?

Account Change in Balance Cash + $12,000 Accounts Payable + $21,000 Accrued Liabilities + $ 6,000 Depreciation + $10,000 Inventories + $24,000 A) -$4,000 B) -$1,000 C) +$9,000 D) +$19.000

Business