Commercial banks advise firms on major transactions such as mergers or financial restructurings
Indicate whether the statement is true or false
FALSE
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Sports, Inc, plans to sell season football tickets for the 10 games played from September through November. These tickets sell for $5 each at the gate or for $45 per season package purchased before April 30 . On April 30, the office reports that it has sold 200 season ticket packages and has only 50 left. The correct entry to record the sale of the season tickets is
a. debit Cash and credit Unearned Revenue for $9,000. b. debit Cash and credit Revenue for $11,250. c. debit Unearned Revenue and credit Revenue for $9,000. d. to determine cost of goods sold.
In the KEYS approach to achieving professional excellence in team communication, you should
a. evaluate whether or not you want to be a part of the team. b. evaluate what is professional communication and what is not. c. evaluate who should be a part of the team. d. none of the above
Exhibit 14-16 Harry's Inc issued a four-year, $75,000, non-interest-bearing note to a customer on January 1, 2016. Harry also agrees to sell inventory to the customer at reduced rates over a five-year period. Sales are to be evenly spread over the five-year period. Harry's incremental interest rate is 8%, and the present value of the note is $55,125. ? Refer to Exhibit 14-16. If the face value
of a note is materially different from the cash sales price of the property it was exchanged for, and the note is recorded at its present value, the correct interest rate to use is the A) borrower's incremental rate. B) note's stated interest rate. C) the effective interest rate. D) note's implied interest rate.
Answer the following statements true (T) or false (F)
1. The process of getting oriented and getting acquainted with the group is known as the forming stage of team development. 2. Many groups stall in the performing stage of group development. 3. In the storming stage of group development, the leader should encourage members to work through their conflicts about tasks and goals. 4. Group cohesion arises during the forming stage of group development.