Commercial banks, savings institutions, and mutual funds are all
A. financial intermediaries.
B. secondary market organizations.
C. owned by the government.
D. institutions that people use to engage in direct finance.
Answer: A
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Powerful Tools Inc., a construction equipment manufacturer, has lost some information on its financial statements. Help the firm’s financial staff to fill in the missing data using your knowledge of financial ratios.
a) Using the ratios provided, recreate the financial statements as shown using formulas.
b) Complete the financial statements by using formulas that refer to existing data to fill in the remaining cells.
The Income Summary account has a debit balance of $2,000 after the first two closing entries have been journalized and posted. The $2,000 represents the net loss of the business that will be closed into the Capital account
Indicate whether the statement is true or false
All of the following are proposed solutions to the medical malpractice problem EXCEPT
A) shortening the statute of limitations for filing lawsuits. B) eliminating arbitration panels to resolve disputes. C) placing limitations on contingent fees charged by attorneys. D) placing limitations on damage awards.
Identical elements are maximized when the learning environment matches the trainee as closely as possible.
Answer the following statement true (T) or false (F)