The five basic principles of finance include all of the following EXCEPT
A) Incremental profits determine value. B) Money has a time value.
C) Risk requires a reward. D) Cash flow is what matters.
A
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A flight with complementary drinks is an example of a ________
A) major service with accompanying minor goods and services B) pure service C) pure tangible good D) tangible good with accompanying services E) hybrid
Andrew just hired Pedro to be part of the financial team and requested that he be at the office at 7:30 a.m. on Monday for his first day. Andrew then e-mailed Pedro to remind him two times over the weekend. Andrew assumed that Pedro would be late because he is very young and Andrew believes that all young people are irresponsible and unorganized. Which type of perception bias is Andrew showing?
a. generalizing b. stereotyping c. “like me” assumption d. frame of reference
FICA—OASDI Taxes Payable would normally be shown on the balance sheet under long-term liabilities
Indicate whether the statement is true or false
Bank's Department Store has three departments: Men's, Women's and Children's. The store incurred $40,000 of store rental costs during the current year. The departments identified the following cost drivers: Men's Women's Children'sLabor dollars$540,000? $785,000? $250,000? Number of employees 20? 30? 14? Square footage 4000? 9000? 2000? Number of sales transactions 310,000? 910,000? 100,000? Using the most appropriate cost driver, how much rental cost should be allocated to the Women's Department? (Do not round intermediate calculations. Round your answer to the nearest dollar.)
A. $8750 B. $3030 C. $6349 D. $24,000