The ________________ is the number of days required to complete the working capital cycle.
Cash conversion period
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How does a smart embezzler manipulate accounting records to conceal fraud?
a. By increasing assets. b. By manipulating stock accounts. c. By manipulating dividends. d. By increasing expenses.
A contract induced by threatening to bring a civil suit against an individual is prohibited:
a. if the threat is an abuse of process. b. if the suit is to recover a debt, whether the debt is valid or in controversy. c. under no circumstances. d. Two answers are correct.
One facet of risk in project screening is:
A) The change in manufacturing operations resulting from the project. B) The initial cash outlay. C) The potential for lawsuits or legal obligation. D) The strategic fit of the project with the company.
Which of the following statements regarding individual retirement accounts (IRAs) is (are) true?
I. If an individual's only income during the year is from investments, he or she cannot make an IRA contribution. II. The funds in the IRA can be used to purchase life insurance on the owner. A) I only B) II only C) both I and II D) neither I nor II