Employment trends in public relations indicate that ________
A) hiring of people from diverse cultures has decreased in the last decade
B) entry-level practitioners frequently earn more than $100,000 per year
C) fewer women than men are entering the field
D) the long-term future of public relations appears to be steady and strong
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Each of the following statements is justified by a concept or convention of accounting. Write the letter in the blank next to each statement corresponding to the concept or convention involved. a. Consistency d. Full disclosure b. Materiality e. Cost-benefit c. Conservatism _____ 1. This convention best enhances comparability of financial statements between years. _____ 2. A merger agreed on just
after the balance sheet date nevertheless is reported in the notes to the financial statements. _____ 3. A company forgoes hiring another full-time accountant, which would add only slightly to the financial statements' accuracy. _____ 4. A company uses lower-of-cost-or-market to value inventory. _____ 5. A large company rounds its financial statement figures to the nearest $10,000. Fill in the blank(s) with correct word
Analysts use measures of long-term _____ to evaluate a firm's ability to meet interest and principal payments on long-term debt and similar obligations as they come due. If a firm cannot make the payments on time, it becomes insolvent and may have to reorganize or liquidate
a. insolvency factors b. reorganization factors c. liquidity risk d. insolvency risk e. cash flow risk
Do not capitalize the first letter of __________ nouns
a. common b. familiar c. uncommon d. formal
On July 1, a company paid the $3480 premium on a one-year insurance policy with benefits beginning on that date. What will be the insurance expense on the annual income statement for the first year ended December 31?
A. $3480. B. $1740. C. $1450. D. $2610. E. $870.