According to Porter, a firm's value chain is composed of primary and support activities that can lead to competitive advantage when configured properly
a. True
b. False
Indicate whether the statement is true or false
True
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A control plan that helps ensure the security of resources within the AP/CD process is:
a. requisition confirmation to originating department b. approve vendor selection c. independent validation of vendor invoice d. independent authorization to make payment
When two or more individuals engage in an enterprise as co-owners, the organization is known as a
a. single proprietorship. b. corporation. c. partnership. d. closed corporation.
Eduardo's Dance Studio provided $150 of dance instruction and rented out its dance studio to the same client for another $100. The client paid immediately. Identify the general journal entry below that Eduardo's will make to record the transaction.
A.
| Accounts Receivable | 250 | |
| Rental Revenue | 100 | |
| Instruction Revenue | 150 |
B.
| Rental Revenue | 100 | |
| Instruction Revenue | 150 | |
| Cash | 250 |
C.
| Accounts Payable | 250 | |
| Rental Revenue | 100 | |
| Instruction Revenue | 150 |
D.
| Unearned Revenue | 250 | |
| Rental Revenue | 100 | |
| Instruction Revenue | 150 |
E.
| Cash | 250 | |
| Rental Revenue | 100 | |
| Instruction Revenue | 150 |
Wildings, Inc. common stock has a beta of 1.2. If the expected risk free return is 4% and the
expected market risk premium is 9%, what is the expected return on Wildings' stock? A) 12.0% B) 14.8% C) 10.0% D) 13.8%