Identifying risks is the first task to be completed before a comprehensive insurance program can be developed for a business.
Answer the following statement true (T) or false (F)
True
Identifying risks is the first task to be completed before a comprehensive insurance program can be developed for your business. Risks that are common to most small businesses include fire, flood, storm, theft, business interruption, and loss of key personnel.
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Which of the following results in a situation where an auditor has the least amount of difficulty in determining stock valuation?
a. When stock is issued for land. b. When stock is exchanged for another business. c. When stock options are issued and exercises occur. d. When stock is issued for cash.
In the stockholders' equity section of a corporation's balance sheet, how is treasury stock treated?
a. Cost of treasury stock is added to retained earnings. b. Cost of treasury stock is subtracted from retained earnings and total paid-in capital to give total stockholders' equity. c. Par value of treasury stock is subtracted from retained earnings and total paid-in capital to give total stockholders' equity d. Par value of treasury stock is added to retained earnings. e. Treasury stock is an asset that is not listed in the stockholders' equity section.
Floyd Electric is fabricating flanges for a new electrical motor
The flange is to be 25 millimeters in diameter with an upper tolerance limit of 26.5 millimeters and a lower tolerance limit of 23.5 millimeters. Bill Floyd took a sample consisting of ten flanges, measured the diameter and recorded the observations in the table. 25.69 25.58 24.78 24.94 24.87 24.63 25.70 25.52 24.95 24.91 What is Floyd Electric's process capability? What will be an ideal response?
In capital budgeting, risk is generally thought of as the chance that NPV and IRR will provide conflicting recommendations to management
Indicate whether the statement is true or false