Individuals are often savers because they wish to save for things such as a down payment on a home or graduate school
Indicate whether this statement is true or false.
Answer: TRUE
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If paid-in-capital in excess of par/preferred stock is $30,000, preferred stock is $200,000, paid-in-capital in excess of par/common stock is $20,000, common stock is $525,000, and retained earnings is $105,000 (deficit), the total stockholders' equity is $880,000
Indicate whether the statement is true or false
John Right, an analyst with Stock Pickers Inc, claims: "It is not worth my time to develop detailed forecasts of sales growth, profit margins, et cetera, to make earnings projections. I can be almost as accurate, at virtually no cost, using the random walk model to forecast earnings.". What is the random walk model? Do you agree or disagree with John Right's forecast strategy? Why or why not?
Cash inflows that enter into the determination of net income are classified as financing activities on a statement of cash flows
Indicate whether the statement is true or false
Business ethics is concerned with all of the following except
A. distinguishing between ethical decisions that arise in a business setting. B. societal issues such as the sale of products or services that may damage the environment. C. moral and ethical principles that might arise in a business setting. D. distinguishing between moral decisions in a business setting. E. any special duties or obligations that apply to persons engaged in commerce.