A petty cash fund is an example of an imprest system
Indicate whether the statement is true or false
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When the federal tax rate on interest income is 20 percent, an investor will purchase _____ in order to maximize returns.
A. a local government bond with an interest rate of 7 percent B. a corporate bond with an interest rate of 8 percent C. a corporate bond with an interest rate of 8.5 percent D. a local government bond with an interest rate of 6.5 percent
Which one of the following can be considered a pitfall for investors new to on-line trading?
A) On-line trading is fast and efficient. B) On-line investors tend to trade too frequently. C) On-line trading is available to the average investor. D) On-line investors pay lower costs per trade than investors using a broker.
Which of the following statements about the format of financial statements is correct?
A. A double underline is drawn below the subtotal for Total Liabilities on the balance sheet. B. Dividends are shown in parentheses on the statement of retained earnings. C. Dollar signs are omitted if the heading states that amounts are reported in U.S. dollars. D. The order of the items included in the heading of each financial statement is as follows: the name of the business, the time period covered by the financial statement, and the title of the report.
Explain in detail how consent and participation improve motivation.
What will be an ideal response?