Which of the following would not be shown on the statement of retained earnings?
a. declaration of a cash dividend
b. declaration of a stock dividend
c. an appropriation for plant expansion
d. the purchase of treasury stock
d
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Safeco's current assets total to $20 million versus $10 million of current liabilities, while Risco's current assets are $10 million versus $20 million of current liabilities. Both firms would like to "window dress" their end-of-year financial statements, and to do so they tentatively plan to borrow $10 million on a short-term basis and to then hold the borrowed funds in their cash accounts. Which of the statements below best describes the results of these transactions?
A. The transactions would improve Safeco's financial strength as measured by its current ratio but lower Risco's current ratio. B. The transactions would lower Safeco's financial strength as measured by its current ratio but raise Risco's current ratio. C. The transactions would have no effect on the firms' financial strength as measured by their current ratios. D. The transactions would lower both firms' financial strength as measured by their current ratios. E. The transactions would improve both firms' financial strength as measured by their current ratios.
Which of the following represents a way of coping with uncertainty in a cash budget?
A) careful estimation of cash budgets outputs B) developing a pro forma income statement to forecast sales and then express the various income statement items as percentage of projected sales C) always using the prior year's data for estimates of the future D) using scenario analysis, or "what if" approach, to analyze cash flows under a variety of circumstances
Which of the following best completes the statement, ‘A ______ is a group of consumers once considered too small and inaccessible for marketers to pursue. Marketers are now able to offer ______ products that appeal to small, specialized groups or people.’ ?
a. Niche market, niche. b. Micromarket, specialized. c. Niche market, specialized. d. Micromarket, personalized. e. Micromarket, niche.
Most firms do a satisfactory job overseeing the deployment of custom programs used to supplement packaged software
Indicate whether the statement is true or false.