People and computers should always be considered in the efficiency assessments related to accounting information systems.
Answer the following statement true (T) or false (F)
True
You might also like to view...
A good positive response to a routine request highlights specific answers to recipient's questions using an articulate, concise writing style
Indicate whether the statement is true or false
On January 1, Whitecastle Company established a petty cash fund for $250. On January 31, when the petty cash fund was replenished, it contained $70.40 in cash and petty cash receipts for: postage expense, $49.60; office supplies, $62; entertainment expense, $64.21Required:a) Record in general journal format the entry to establish the petty cash fund.b) Record in general journal format the entry to record the disbursements and replenish the petty cash fund.
What will be an ideal response?
Exhibit 10.1 Assume that you have been hired as a consultant by CGT, a major producer of chemicals and plastics, including plastic grocery bags, styrofoam cups, and fertilizers, to estimate the firm's weighted average cost of capital. The balance sheet and some other information are provided below. Assets Current assets$38,000,000Net plant, property, and equipment$101,000,000Total assets$139,000,000? Liabilities and Equity Accounts payable$10,000,000Accruals$9,000,000Current liabilities$19,000,000Long-term debt (40,000 bonds, $1,000 par value)$40,000,000Total liabilities$59,000,000Common stock (10,000,000 shares)$30,000,000Retained earnings$50,000,000Total shareholders' equity$80,000,000Total liabilities and shareholders' equity$139,000,000The stock is currently selling for $17.75 per
share, and its noncallable $3,319.97 par value, 20-year, 1.70% bonds with semiannual payments are selling for $881.00. The beta is 1.29, the yield on a 6-month Treasury bill is 3.50%, and the yield on a 20-year Treasury bond is 5.50%. The required return on the stock market is 11.50%, but the market has had an average annual return of 14.50% during the past 5 years. The firm's tax rate is 40%. Refer to Exhibit 10.1. What is the best estimate of the firm's WACC? Do not round your intermediate calculations. A. 11.26% B. 11.74% C. 12.11% D. 12.59% E. 12.97%
The practice of not putting all of your eggs in one basket is an illustration of ________
A) variance B) diversification C) portion control D) expected return