Rights represented by a stock certificate or a promissory note are examples of intangible property
Indicate whether the statement is true or false
True
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A debit
a. decreases cash; b. decreases revenues; c. increases owner's equity; d. decreases drawing; e. increases liabilities.
Given the fact that Terence needs to discuss a difficult situation with his sales manager—the poor financial performance of their store—the best communication channel for such a conversation would be a(n)
Scenario: Terence, a store manager at Imperial Office Supply Inc., received an e-mail from Martin, the chief financial officer for the company. Terence read through the e-mail and interpreted the information that required him to give an update on the sales of the month. Though the sales figures at Terence's location were not satisfactory, he did not want to disappoint Martin by revealing the true situation, so he told him that the store was meeting or exceeding revenue goals according to all of the relevant metrics. Terence then decided to discuss the current problem with the sales manager and get her feedback. A) e-mail message. B) videoconference. C) telephone conversation. D) face-to-face meeting. E) text message.
The advertising medium that receives the largest share of advertising dollars is _____.
A. television B. magazines C. radio D. direct mail E. newspapers
Waltermire Corporation has provided the following information concerning a capital budgeting project: After-tax discount rate 12%Tax rate 30%Expected life of the project 4 Investment required in equipment$160,000 Salvage value of equipment$0 Working capital requirement$30,000 Annual sales$460,000 Annual cash operating expenses$340,000 The working capital would be required immediately and would be released for use elsewhere at the end of the project. The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting.The total cash flow net of income taxes in year 2 is:
A. $120,000 B. $24,000 C. $96,000 D. $80,000