On a reconciliation of net income to cash from operations, depreciation is added back to net income as depreciation
a. is a direct outflow of cash.
b. reduces net income but does not involve an outflow of cash.
c. reduces net income and involves an outflow of cash.
d. is an outflow of cash to a fund established for the replacement of assets.
B
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Time considerations are ______.
a. the time of day you will be speaking b. the amount of time you are asked to speak c. potential time zone differences d. techniques for meeting time limitations
An advantage of internal development as a means of acquiring new technology is that
A. it does not require firms to maintain a large staff. B. the technology is proprietary and it provides a competitive edge. C. it is simple to implement and cost-effective. D. the costs associated with new technology development can be shared by two or more firms. E. it permits firms to access unique technology for a minimal fee.
Read the t statistic from the t distribution table and circle the correct answer. For a one-tailed test (upper tail), using a sample size of 18, and at the 5% level of significance, t =
a. 2.12. b. -2.12. c. -1.740. d. 1.740.
Credit default swaps are
A) an insurance product designed to protect financial institutions from customers who default on their loans. B) securities with a maturity of less than one year. C) the result of a leveling off or slowing down of stock price increases. D) market trades in previously issued securities.