An asset management account does all of the following except
A) combines deposit accounts with a brokerage account that is used to buy or sell stocks.
B) provides a single consolidated statement showing the ending balance and activity of all accounts.
C) requires a small initial investment to start.
D) sweeps any unused balance in the brokerage account into a money market account at the end of the day.
Answer: C
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Which of the following statements is true regarding sales promotion?
A) It lacks focus on price. B) It is less effective than advertising in generating a measurable short-term sales response. C) Customers are induced to become brand-loyal. D) Customers are induced to become price-sensitive.
Discussions in ethics about employee health and safety tend to focus on the relative risks workers face and the level of acceptable workplace risk because:
A. workers' compensation is easier to calculate. B. insurance laws mandate the focus on relative risks and acceptability of workplace risk. C. they results in a completely safe and healthy workplace. D. employers cannot be responsible for providing an ideally safe and healthy workplace.
If a balance sheet is prepared between the date of declaration and date of payment, how is the Dividends Payable account treated?
a. No entry is required since there has been no payment. b. The Dividends Payable account is reported as a contra-asset account. c. The Dividends Payable account is reported as a contra-equity account. d. The Dividends Payable account is reported as a contra-revenue account. e. The Dividends Payable account is reported as a current liability account.
Use of real property may be restricted by government through zoning laws
Indicate whether the statement is true or false