A decrease in ________ would increase net working capital
A) accounts payable
B) accounts receivable
C) cash
D) equipment
Answer: A
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The Modified Accelerated Cost Recovery System (MACRS) is a depreciation method which is
a. is used for tax purposes b. must be used for financial statement purposes c. is required by the SEC d. expenses an asset over a single year because capital acquisitions must be expensed in the year purchased
The time estimate that represents the time to complete the activity if everything goes according to plan is the?
a. Optimistic completion time b. Most likely completion time c. Pessimistic completion time d. Least likely completion time
RESPA is applicable to all loans involving government insurance
Indicate whether the statement is true or false
Which of the following statements is CORRECT?
A. A typical industrial company's balance sheet lists the firm's assets that will be converted to cash first, and then goes on down to list the firm's longest lived assets last. B. The balance sheet for a given year is designed to give us an idea of what happened to the firm during that year. C. The balance sheet for a given year tells us how much money the company earned during that year. D. The difference between the total assets reported on the balance sheet and the debts reported on this statement tells us the current market value of the stockholders' equity, assuming the statements are prepared in accordance with generally accepted accounting principles (GAAP). E. For most companies, the market value of the stock equals the book value of the stock as reported on the balance sheet.