Since a bank's assets exceed its equity capital, the return on assets always exceeds the return on equity
Indicate whether the statement is true or false
FALSE
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A credit crunch occurs when
A. banks do not lend as they ordinarily would, but rather have much higher requirements for borrowers to qualify for loans than normal. B. inflation rises, driving up interest rate near their legal ceiling, causing people to pull their funds out of banks. C. regulators pressure banks to increase loans to under-served groups in society. D. government officials force banks to lend in areas where they wish to establish branches.
Ann is trying to decide which one of two job offers she will accept. Several items are presented below: Job Offer A Job Offer B(1)Base salary$50,000 $50,000 (2)Overtime compensationComp. time Hourly rate(3)Moving allowance$3,000 $3,000 (4)Signing bonus$2,000 $0 (5)Job search costs incurred$300 $500 Select the items that are irrelevant to Ann's decision.
A. (2), (3), (4) B. (2), (4) C. (1), (2), (3), (4), (5) D. (1), (3), (5)
Which of the following is the best definition of marketing research? Marketing research is:
A) the activity of analyzing secondary information and providing executives with timely reports B) the process of designing experiments that provide decision makers with causal information C) the linking of consumers with information managers D) the process of designing, gathering, analyzing, and reporting information that may be used to solve a specific marketing problem E) the process of designing, gathering, analyzing, and reporting information that may be used to solve general marketing problems
Basilia Corporation purchased a machine for $180,000 on January 1 . 2013 . Basilia will depreciate the machine using the straight-line method using a five-year period with no residual value. As a result of an error in its purchasing records, Basilia did not recognize any depreciation for the machine in its 2013 financial statements. Basilia discovered the problem during the preparation of its
2014 financial statements. What amount should Basilia record for depreciation expense on this machine for 2014? a. $0 b. $36,000 c. $44,000 d. $72,000