How can a firm pay dividends during a period when it made no profit?
a) By drawing from its credit line
b) By using cash on its balance sheet accumulated from past retained earnings
c) By selling an asset and using the proceeds for dividends
d) All the above
Answer: d) All the above
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Indicate whether the statement is true or false
The special influence that occurs when a leader inspires another individual is born out of ______.
a. one’s position b. monetary exchange c. positive and often intangible reasons d. coercion or fear
Functions perform tasks automatically when a DML action occurs on the table with which it is associated.
Answer the following statement true (T) or false (F)
Tram Co began the month with $984 cash in the bank. If Tram Co performed services for $500 cash, paid expenses of $273 in cash, performed services on credit for $269, collected $315 on account, and paid $132 on account, what was the cash balance at the end of the month?
a. $1,663 b. $1,394 c. $1,310 d. $1,757