Modify the following statement to reflect possible uncertainty: "The price of GM stock will be lower in six months than it is now."
What will be an ideal response?
The price of GM stock is likely to be lower in six months than it is now.
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A cash equivalent must be readily convertible to a known amount of cash, and must be sufficiently close to its maturity so its market value is unaffected by interest rate changes.
Answer the following statement true (T) or false (F)
Which statement regarding international law is incorrect?
a. The International Court of Justice, or World Court, is a body of the United Nations. b. Institutions interested in uniform world laws include the International Chamber of Commerce, The Hague Convention, and the Vienna Agreement. c. Unified laws have produced unified judicial practices. d. The EU and NAFTA are agreements that are trying to equalize the treatment of organizations doing business multinationally.
Using the ________ method of projecting cash flow, adjustments are made to net income based on the fact that cash may not actually be received or disbursed.
A. pro forma B. direct C. indirect D. break-even
Which of the following is a benefit provided by internal control?
A) It ensures timely collection of accounts receivables. B) It ensures that collusion will never happen. C) It guarantees that a business makes profit. D) It promotes operational efficiency.