In economic conditions characterized by short-term interest rates which exceed long-term interest rates, the financing strategy that would maximize profits is ________ strategy.
A) the aggressive
B) the conservative
C) the trade-off
D) a seasonal
B) the conservative
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A government protects its citizens when they are abroad in the following way:
A. A government can assert the rights of its citizens and that its laws follow its citizens, no matter where they are (extraterritoriality). B. Government embassies can provide information and emergency assistance, monitor and where appropriate, make protests. C. Politicians can influence how a foreign country's rules are applied to its own nationals. D. A powerful country can send in the marines to protect citizens.
Tronco Inc. placed in service a truck costing $40,000 on January 15 of this year. On November 1, the company placed in service $200,000 of construction equipment. Tronco is a calendar-year taxpayer. When calculating MACRS depreciation, Tronco must apply the mid-quarter convention to the construction equipment, but will use the half-year convention for the truck.
Answer the following statement true (T) or false (F)
The income statement
a. reports the changes in retained earnings for a period of time. b. reports the amount of an organization's assets, liabilities, and stockholders' equity at the end of a period. c. consists of three sections: (1) operating activities, (2) investing activities, and (3) financing activities. d. reports the revenues and expenses for a period of time based on the matching concept.
Organizational rewards such as profit-sharing:
a. encourage competition between teams. b. reduce overall organizational performance. c. enhance connection to the organization’s overall goals and values. d. should not be used for teams.