Answer the following statements true (T) or false (F)
A constructive obligation is one that is implied rather than expressly written.
ANSWER: T
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Which of the following accounts will not be considered when computing cash flow from operations?
a. Accounts receivable b. Inventories c. Equipment d. Accounts payable e. Taxes payable
The cash balance on June 30 is projected to be $4000. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 4%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. Calculate the ending projected cash balance before financing for August.
Carol's Chocolate Company has prepared its third quarter budget and provided the following data:
A) $7167
B) $5,000
C) $46,700
D) $(7833)
Which of the following are brief, lasting only seconds or minutes, but intense enough to disrupt a person’s thinking?
A. personalities B. moods C. emotions D. habits
In most jurisdictions, there is no quorum unless the holders of at least _____ of the outstanding shares are present in person or by proxy
a. 25% b. 33% c. 50% d. 75%