Debt, a source of non-equity funding, allows a new business to handle the disparity between when goods must be purchased and when money will be received from a customer to pay for those goods.
Answer the following statement true (T) or false (F)
True
Debt allows a new business to handle the disparity between when goods must be purchased and when money will be received from a customer to pay for those goods. It also allows a new business to manage its cash flow for various peaks and valleys in the operation of the business.
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Use the following data to answer the question presented below for Raines Corp's preparation of a bank reconciliation on October 31, 2014: Bank statement balance $30,700 Raines' book balance (before adjustments) ? Outstanding checks 4,200 NSF checks 400 Service charges 300 Deposits in transit 3,100 Interest earned on checking account 100 What is the adjusted cash balance on October 31, 2014?
a. $29,600 b. $30,100 c. $30,200 d. $30,700
The Office of U.S. Trustee is responsible for all but which of the following functions?
a. Administering bankruptcy cases b. Officiating in court on matters of interest to the debtor's estate and creditors c. Overseeing and monitoring trustees d. Reviewing employees and fee applications e. The Office of U.S. Trustee is responsible for all of the above functions
The difference between the actual wages paid to employees and the standard wages for all hours worked is the labor efficiency variance
Indicate whether the statement is true or false
According to opponents of the globalization of trade and investment
A. citizens from more globally integrated countries have lower levels of civil liberties and lower economic prosperity. B. globalization benefits all nations and workers. C. globalization has produced uneven results across nations and people. D. globalization has contributed to an improvement in environmental and health conditions. E. globalization has increased the proportion of children in the labor force worldwide.