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Allan and Ralph are partners. Allan has a capital balance of $92,000 and Ralph has a capital balance of $75,000. Carol invested $60,000 to acquire an ownership interest of $50,000. Which of the following is TRUE of the impact of the transaction on the balance sheet?
A) Asset increases and the equity will remain unchanged. B) Both assets and equity will increase. C) Assets will increase and equity will decrease. D) Assets will decrease and the equity will remain unchanged.
You have just put $5,000 into an investment that offers a 10% annual yield, using a simple interest calculation. At the end of two years your interest earned will be
A) $500. B) $550. C) $1,000. D) $1,100.
Use the information in Table 13.9. Which of these statements regarding the problem is correct?
A) Another plant must be added to the tableau because there are more warehouses than plants. B) A dummy plant must be added due to production volumes. C) A dummy warehouse must be added to solve this problem. D) The simplex method can be used to solve this problem.
Which of the following statements about the Kyoto Protocol is true?
a. It set quantitative targets for the reduction of greenhouse gases. b. It supplemented the 1992 UN Framework Convention on Climate Change. c. It was approved by the United States in 2001. d. Both a and b