If a company receives payment two months after it provides a service:
A. only one journal entry will be needed.
B. stockholders' equity will increase.
C. a revenue account will be increased with a debit.
D. cash will be credited.
Answer: B
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In a period of rising prices, the inventory costing method that assigns a value to inventory that approximates current cost is:
A. Weighted average. B. Specific identification. C. FIFO. D. LIFO.
A 10%, 30-year corporate bond was recently being priced to yield 12%. The Macaulay duration for the bond is 11.3 years. Given this information, the bond's modified duration would be
A. 8.05. B. 10.09. C. 9.27. D. 11.22.
You purchase one MBI July 125 call contract (equaling 100 shares) for a premium of $5. You hold the option until the expiration date, when MBI stock sells for $123 per share. You will realize a ______ on the investment.
A. $200 profit B. $200 loss C. $500 profit D. $500 loss
The global matrix structure supports the goal of the transnational strategy, but in practice it is often difficult to deliver because:
A. managers have to deal with two bosses who are often in conflict. B. managers have to deal with the pressures of both global integration and local responsiveness. C. the structure encourages fragmentation of multinational enterprises into fiefdoms. D. the structure increases inefficient duplication in multiple countries.