Cash equivalents are reported in the Operating Activities section of the statement of cash flows
a. True
b. False
Indicate whether the statement is true or false
False
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When using financial performance measures, which of the following statements is incorrect?
A) Most companies use a weighted-average to determine the amount of average assets for ROI calculations. B) Average total assets are used for both ROI and RI computations. C) The limitations of financial performance measures reinforce the importance of the balanced scorecard. D) In general, calculating ROI based on the net book value of assets gives managers an incentive to continue using old, outdated equipment because its low net book value results in a higher ROI.
Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where present-buying is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. Clearwater has had several orders for more than a quarter of a million dollars. The company's leading salesperson is Peter Austin, who sees his company "as a service company rather than a food and drink business. Our priority is to get the hampers out on time, filled with the right products." Austin often checks to see if his customers are satisfied with his service.When Austin phones a recipient of one of Clearwater's deluxe hampers to inquire if the picnic basket arrived
on time and undamaged, he is engaged in: A. a post-approach. B. a parallel referral. C. follow-up. D. forestalling. E. cold calling.
Hefty stock has a beta of 1.2. If the risk-free rate is 7% and the market risk premium is 6.5%, what is the required rate of return on Hefty?
A) 14.8% B) 14.4% C) 12.4% D) 13.5%
Who should you pay to do things that you are capable of doing for yourself?
A) Elderly B) Everybody C) Parents D) Nobody E) The Rich