A bonds with a 5% coupon as has a yield to maturity of 5%
Indicate whether the statement is true or false
FALSE
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If someone is an effective follower, it means that her loyalty ______.
a. is only to one person—the leader b. extends beyond one’s immediate formal leader—to the organization c. does not allow one to question the direction of the organization d. can often confuse the follower
Answer the following statements true (T) or false (F)
1. Declaring and paying dividends causes an increase in both assets and stockholders' equity of the corporation. 2. Legal capital refers to the portion of stockholders' equity that cannot be used for dividends. 3. If preferred stock is noncumulative, the company is required to pay dividends that were passed in previous years. 4. The declaration date is the date the corporation prepares a journal entry to record that stockholders will receive dividend checks. 5. No journal entry is made on the dividend declaration date.
On December 1, Orenthal Marketing Company received $3,600 from a customer for a 2-month marketing plan to be completed January 31 of the following year. The cash receipt was recorded as unearned fees. The adjusting entry for the year ended December 31 would include:
A. a credit to Earned Fees for $3,600. B. a debit to Earned Fees for $1,800. C. a debit to Earned Fees for $3,600. D. a debit to Unearned Fees for $1,800. E. a credit to Unearned Fees for $1,800.
Which of the following is not part of the recruiting process for strong culture companies?
a. Human resource (HR) specialists are the ones involved in the hiring process. b. New employees are selected as much for their fit to the company’s cultural values as for their technical skills. c. Actual team members or peers, as well as HR specialists, will get involved in the recruitment process. d. They have multiple steps in the hiring process.