When a special revenue fund accounts for grants that are awarded on a reimbursement basis, revenues are recognized only after qualified expenditures have been recognized.
Answer the following statement true (T) or false (F)
True
As expenditures are incurred and recognized, grant revenues and receivables are recognized. Funds are released after expenditures are made to fulfill grant requirements.
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Markov analysis is not an optimization technique
Indicate whether this statement is true or false.
Two homogeneous products from Germany and Brazil are being purchased by an American trader. The product from Germany is cheaper than the product from Brazil
According to ________, the trader will purchase the products from Germany until the increased demand for the German product equalizes the price. A) Arbitrage B) Purchasing power parity C) Law of one price D) Exchange rate arbitrage
An advantage of a well-planned Chapter 11 bankruptcy, compared to liquidation, includes:
a. fewer legal fees b. less success restructuring the bankrupt party c. many expert witness dilemmas d. lesser payments to secured creditors e. none of the other choices
Malika borrowed $12,900 at an ordinary simple interest rate of 9% for 120 days. If she took the loan out on June 2, what is the due date? Assume a nonleap year
A) October 2 B) September 30 C) September 1 D) August 31