The OSI model
a. requires all devices on a network use all of the same protocols
b. describes the task of communicating in 7 separate layers
c. does not apply to TCP/IP networking
d. only applies to LANs
b
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Hyperinflation occurs when
A. the inflation rate is extremely high. B. a dollar today has the same real value as one million dollars last year. C. the inflation rate is negative. D. the inflation rate is positive and below 10%.
One of the disadvantages of the specific identification inventory cost flow method is that it can allow managers of a business to manipulate the amount of income the business reports.
Answer the following statement true (T) or false (F)
The firm's cost of external equity capital is the same as the required rate of return on the firm's outstanding common stock.
Answer the following statement true (T) or false (F)
On June 30, Alpha Company's cash balance is $4,000
Alpha is now preparing their cash budget for the third quarter of the year. The following data is provided: Cash budget July Aug Sep Beginning cash balance $4,000 $8,000 $6,958 Plus: Cash collections 50,000 40,000 49,000 Cash available $54,000 $48,000 $55,958 Less: Cash payments Purchases of direct materials 31,000 22,000 17,100 Operating expenses 12,000 9,000 11,000 Capital expenditures 13,000 25,000 0 Interest expense at 5% 0 42 104 Less: Total cash payments $56,000 $56,042 $28,204 Ending cash balance before financing $(2,000 ) $(8,042 ) $27,754 Minimum cash balance desired (5,000 ) (5,000 ) (5,000 ) Cash excess/(deficiency) $(7,000 ) $(13,042 ) $22,754 Financing Borrowing at end of month 10,000 15,000 Principal repayments at end of month $(20,000 ) Total effects of financing 10,000 15,000 (20,000 ) Ending cash balance $8,000 $6,958 $7,754 The amount of cash that should be shown in the budgeted balance sheet as of September 30 would be ________. A) $6,958 B) $55,958 C) $7,754 D) $22,754