Regular bank examinations and restrictions on asset holdings indirectly help to reduce the ________ problem because, given fewer opportunities to take on risk, risk-prone entrepreneurs will be discouraged from entering the banking industry
A) moral hazard
B) adverse selection
C) ex post shirking
D) post-contractual opportunism
B
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When pitching a story idea, never believe
A) a connector could be sincerely interested in your story. B) that non-media connectors are nearly as effective communicators as traditional media. C) that public relations can do a better job than advertising. D) anything you say is off the record. E) you are different than anyone else with a message to send.
A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year:?Debit CreditCash sales…………………………………..?$188,000Credit sales…………………………………?275,000Accounts receivable………………………..$76,000?Allowance for doubtful accounts…………..?1,000Prepare the adjusting entry to estimate bad debts assuming bad debts are estimated to be 2.5% of credit sales.
What will be an ideal response?
Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.) 1) Acquired $1800 cash from the issue of common stock. 2) Borrowed $1270 from a bank. 3) Earned $1450 of revenues. 4) Paid expenses of $420. 5) Paid a $220 dividend. During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.) 1) Issued an additional $1175 of common stock. 2) Repaid $815 of its debt to the bank. 3) Earned revenues of $1600. 4) Incurred expenses of $700. 5) Paid dividends of $270. What is the net cash inflow from operating activities that will be reported on Packard's statement of cash flows for Year 1?
A. $905. B. $1030. C. $1890. D. $1175.
A process chart activity that checks or verifies something but does not change it is a(n):
A) operation. B) transportation. C) inspection. D) delay.