Assets are economic resources with the potential to provide future economic benefits to a firm
Indicate whether the statement is true or false
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Whirlwind Financial Corporation sends its executives to a resort in Mexico¾at taxpayers' expense¾to consider using the firm's cash to buy back its stock and thereby prop up the value. Many of its competitors are doing the same thing. One of the best ways to learn about the ethical responsibilities inherent in operating a business is to look at
A. the mistakes made by other companies. B. the benefits of pursuing profit despite the appearance of impropriety. C. the prevalence of a practice among other corporations. D. who is footing the bill for a particular action.
Carver Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regarding the store's operations follow:•Sales are budgeted at $350,000 for November, $320,000 for December, and $300,000 for January. •Collections are expected to be 90% in the month of sale and 10% in the month following the sale. •The cost of goods sold is 75% of sales. •The company desires to have an ending merchandise inventory equal to 60% of the following month's cost of goods sold. Payment for merchandise is made in the month following the purchase. •Other monthly expenses to be paid in cash are $24,700. •Monthly depreciation is $16,000. •Ignore taxes. Balance SheetOctober 31AssetsCash$19,000Accounts
receivable 77,000Inventory 157,500Property, plant and equipment, net of $502,000 accumulated depreciation 1,002,000Total assets$1,255,500Liabilities and Stockholders' EquityAccounts payable$272,000Common stock 780,000Retained earnings 203,500Total liabilities and stockholders' equity$1,255,500Accounts payable at the end of December would be: A. $96,000 B. $135,000 C. $240,000 D. $231,000
Which of the following is a reason for Brazil's economic growth?
A. reduction in population densities B. limited political influence in business C. strict import restrictions D. emergence of the lower middle class E. greater population diversity
A project charter consists of:
A) a description of the nonfinancial benefits to flow from the project, a list of the key outputs to be produced and an analysis of the stakeholders of the project and their expectations. B) a list of the milestones and expected timing. C) a definition of the work that needs to be undertaken to achieve the project, its scope, and specific exclusions. D) All of the above