Changes in technology have required LennoCorp to create several new jobs in the company. Because LennoCorp uses a job classification system, the specifications of each new position can be compared to the descriptions of each grade to determine the appropriate wage.
Answer the following statement true (T) or false (F)
True
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The accounting entry for additions and improvements that increase the usefulness of equipment includes
a. debiting a liability account and crediting Building or Equipment. b. debiting Cash and crediting Building or Equipment. c. debiting Building or Equipment and crediting Cash or a liability account. d. debiting Building Expense or Equipment Expense and crediting Cash or a liability account.
The difference between the expected rate of return on a given risky asset and the expected rate of return on a less risky asset is known as the _____.
A. ?standard deviation of returns B. ?variance of returns C. ?actual rate of return D. ?risk premium E. ?risk adjusted return
Treasury bills are issued by the U.S. government. In which type of financial market do outstanding, or already issued treasury bills trade??
A. ?Capital market B. ?Primary market C. ?Stock market D. ?Money market E. ?Derivatives market
Which of the following actions would be likely to shorten the cash conversion cycle?
A. Adopt a new manufacturing process that speeds up the conversion of raw materials to finished goods from 20 days to 10 days. B. Change the credit terms offered to customers from 3/10, net 30 to 1/10, net 50. C. Begin to take discounts on inventory purchases; we buy on terms of 2/10, net 30. D. Adopt a new manufacturing process that saves some labor costs but slows down the conversion of raw materials to finished goods from 10 days to 20 days. E. Change the credit terms offered to customers from 2/10, net 30 to 1/10, net 60.