The primary goal of a "vulture fund" is to:
A. Pay back loans in default.
B. Make a profit.
C. Provide countries with debt relief.
D. Increase global financial stability.
Answer: B
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A ________ refers to the market toward which a retailer will direct its efforts.
A. warm market B. channel member C. target market D. mass market E. market segment
Creating an Appropriate Visual: Susan has been asked to give a presentation on budgeting to help her audience understand where and how they spend their money. From the data that she has gathered, she discovers that the typical households spend their
income in the following areas proportionally to their monthly pay: 35% Housing 20% Transportation 20% Food 10% Health care and health insurance 5% Clothing 5% Credit card debt and interest 5% Entertainment Select an appropriate visual to depict this information, and explain why the visual would be appropriate for the presentation.
According to Burke, the leader of change management par excellence is ______.
A. Bill Gates B. John Kotter C. Donald Trump D. Alexander Hamilton
Fern's Flowers established a $400 petty cash fund. The following expenditures were made from the fund:Office supplies$129.00Shipping expense86.50Maintenance expense48.68Miscellaneous expenses44.35A count of the cash in the fund revealed a balance of $89.00.Required:a) Enter the event relating to establishing the fund into the horizontal financial statements model. Indicate dollar amounts of increases and decreases; for accounts that are not affected, indicate NA. For cash flows, show whether they are operating activities (OA), investing activities (IA), or financing activities (FA).b) Assets=Liab.+Stk. EquityRev.?Exp.=Net IncomeStmt. of Cash FlowsCash+Petty Cash???????????????????????b) What is the amount of the check that must be written
to replenish the fund?c) Assuming the company combines the entries to record the disbursements and to replenish the petty cash fund, prepare the general journal entry. What will be an ideal response?