A check written by a company but not yet presented to the bank for payment is called a check in transit
a. True
b. False
Indicate whether the statement is true or false
False
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The corporate officers are responsible for
A) arranging for major bank loans. B) determining corporate policy. C) carrying out corporate policy. D) appointing the board of directors.
Burgess Corporation is considering purchasing equipment that costs $235,000. The equipment has an estimated useful life of 5 years and no salvage value. Burgess believes that the annual cash inflows from using the equipment will be $65,000. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Required:1) Calculate the net present value of the equipment assuming that Burgess's cost of capital is 12%. Is the equipment an acceptable investment? 2) Calculate the net present value of the equipment assuming that Burgess's cost of capital is 10%. Is the equipment an acceptable investment? 3) Based on your results to parts 1) and 2), estimate the internal rate of return for the investment in the equipment.
What will be an ideal response?
Personal or soft power includes all of following EXCEPT:
a. Expert power b. Referent power c. Information power d. Reward power
Wyatt asked Whitney to do a routine, monotonous task of scanning a stack of documents for inconsistencies. She was not excited to do such a boring job, but she will complete the task at hand even if her heart is not in it. This scenario’s outcome is
a. Compliance b. Resistance c. Adherence d. Commitment