A person who exerts upward ethical leadership will often upset the boss
Indicate whether the statement is true or false.
Answer: TRUE
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Churchill Company planned to raise $100,000 by issuing bonds. The bond certificates were printed bearing an interest rate of 8%, which was equal to the market rate of interest. However, before the bonds could be issued, economic conditions forced the market rate up to 9%. If the life of the bonds is 6 years and interest is paid annually on December 31, how much will Churchill receive from the
sale of the bonds? a. Exactly $100,000 because Churchill Company would still pay interest at the face rate of 8%. b. Less than $100,000 because the market rate of interest at 9% was more than the face rate. c. Greater than $100,000 because the face rate of interest at 8% was less than the market rate. d. The bonds would not be sold at all; Churchill Company would have the certificates reprinted bearing the market rate of 9%.
Closing entries result in the Dividends account being transferred into net income or net loss for the period ending.
Answer the following statement true (T) or false (F)
During 20x5, Oates Company had sales of $500,000, net income of $50,000, average total assets of $700,000, dividend payments of $35,000, net cash flows from operating activities of $90,000, purchases of plant assets of $75,000, and sales of plant assets of $90,000. Free cash flow equals
A) $55,000. B) $105,000. C) $40,000. D) $70,000.
A salesperson with sales intelligence will most likely be able to create value for a prospect by having an understanding of the:
A) software analytics of the firm B) product or service being sold C) culture and vision of the prospect's firm D) social and business background of the prospect E) special discounts available from the prospect's firm