When cash is deposited in a checking account, the reserves of commercial banks are increased.?
Answer the following statement true (T) or false (F)
True
You might also like to view...
A(n) ___________________ is a plan that focuses on communication taking place inside the daily operations of any given business.
a. internal communication plan b. external communication plan c. communication plan d. general communication plan
The Discount on Bonds Payable account is:
A. A contra liability. B. A liability. C. An expense. D. A contra expense. E. A contra equity.
Gaston bought a toaster made by Robinson Electric Co One day while using
the toaster, it exploded causing him to sustain serious injury. The accident occurred either as a result of faulty parts supplied by the parts manufacturer, negligent assembly by the toaster manufacturer or negligent handling by the local retailer. Gaston sued Robinson Electric, the parts manufacturer and the local retailer for his injuries. Which of the following statements is TRUE? A) There will be a presumption that the manufacturer is responsible for the injuries caused. B) Gaston has to prove specifically which of the three companies was responsible for the defect causing his injuries. C) If each of the three defendant are unable to prove which one of them was responsible for the accident, none of them can be held liable. D) If each of the three defendants are unable to prove which one of them was responsible for the accident, they may all be held equally liable. E) Gaston can sue only the manufacturer of the toaster.
Which of the following statements is CORRECT?
A. A sunk cost is any cost that must be expended in order to complete a project and bring it into operation. B. A sunk cost is any cost that was expended in the past but can be recovered if the firm decides not to go forward with the project. C. A sunk cost is a cost that was incurred and expensed in the past and cannot be recovered if the firm decides not to go forward with the project. D. Sunk costs were formerly hard to deal with, but once the NPV method came into wide use, it became possible to simply include sunk costs in the cash flows and then calculate the project's NPV. E. A good example of a sunk cost is a situation where Home Depot opens a new store, and that leads to a decline in sales of one of the firm's existing stores.