Which of the following represents the two views of managerial impact on the success or failure of the organization?
A. omnipotent and symbolic
B. omnipotent and reflective
C. symbolic and interactive
D. reflective and interactive
Answer: A
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Which is not a true statement regarding a company issuing bonds over stock to raise additional capital?
Climax Motors Corp is an all equity company with 40M shares outstanding. Climax's stock trades for $25. Climax has too much cash. The CEO, Trudy Ryder, wants to distribute the excess cash with an open market stock repurchase
She is contemplating buying back $10.9M worth of shares at a price of $25. Ricky Bobby owns 4 million shares of Climax. He purchased his shares before the repurchase for $25. If Ricky does not sell any shares during the repurchase, then what is his change in wealth from before to after the repurchase? A) -$2.50 million B) $0 C) $2.00 million D) $2.50 million E) $5.00 million
An additional element in a LAN that has both physical and logical characteristics is the LAN's topology
Indicate whether the statement is true or false
Sanborn Company has 10 employees, who earn a total of $1,800 in salaries each working day. They are paid on Monday for the five-day workweek ending on the previous Friday. Assume that year ended December 31, is a Wednesday and all employees will be paid salaries for five full days on the following Monday. The adjusting entry needed on December 31 is:
A. Debit Salaries Expense, $5,400; credit Salaries Payable, $5,400. B. Debit Salaries Expense, $5,400; credit Cash, $5,400. C. Debit Salaries Expense, $9,000; credit Salaries Payable, $9,000. D. Debit Salaries Payable, $5,400; credit Salaries Expense, $5,400. E. Debit Salaries Expense, $3,600; credit Salaries Payable, $3,600.