Gracie has retired after serving 40 years as a teacher. She wants to supplement her retirement savings by investing in some form of low-risk financial instrument. She, however, is particular about investing in bonds where the interest income earned would be exempted from federal income taxes. In this scenario, Gracie should invest in _____.
A. corporate stocks
B. government securities
C. preferred stocks
D. exchange traded funds
Answer: B
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Answer the following statements true (T) or false (F)
1. A flexible budget is prepared to represent various levels of sales volume. 2. A master budget is a financial plan for a specific segment of an organization. 3. Budgeted financial statements are financial statements based on budgeted amounts rather than actual amounts. 4. Components of the master budget are the operating budget, the capital expenditures budget, and the financial budget. 5. The production budget is the first component of the operating budget.
A firm has sales of $1,750,000, pretax income of $545,000, a tax rate of 35%, assets of $7,500,000, and total liabilities of $3,000,000. Calculate the firm’s ROE using the quality of earnings approach.
What will be an ideal response?
Employee ‘voice’ is associated with which group of HRM activities:
a. employment relations b. reward c. performance d. resourcing
Which Founding Father is considered one of history’sgreatest entrepreneurs?
a. Thomas Jefferson b. Benjamin Franklin c. George Washington d. Alexander Hamilton