Doing business in developing countries is riskier than in developed countries
Indicate whether the statement is true or false
true
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The Extra Surplus Company's Balance Sheet for December 31, 2017 and the Income Statement for 2018 are shown below.Extra Surplus Company Balance Sheet December 31, 2017 Assets Cash$10,000 Accounts Receivable 5,000 Inventory 12,000 Property and Equipment, Net 20,000 $47,000 Liabilities and Stockholders' Equity Accounts Payable$10,000 Notes Payable, Long-Term 5,000 Common Stock 20,000 Retained Earnings 12,000 $47,000 Extra Surplus CompanyIncome StatementFor the Year Ended December 31, 2018Sales$13,000 Cost of Goods Sold 3,000 Salaries and Wage Expense 3,000 Interest Expense 1,000 Other Expenses 500 Net Income$5,500 Additional data:• Sales were $13,000; $8,000 in cash was received from
customers.• Bought new land for cash, $10,000.• Sold other land for its book value of $5,000.• Paid $1,000 principal on the long-term note payable and $1,000 in interest.• Issued new shares of stock for $10,000 cash.• Cash dividends of $1,000 were declared and paid to stockholders.• Paid $5,500 on accounts payable.• No inventory purchases were made; other expenses were incurred on account.• All wages were paid in cash.• Other expenses were on account.Required:Part a. Prepare a balance sheet at December 31, 2018.Part b. Prepare the statement of cash flows using the direct method. What will be an ideal response?
According to the standard format used by MPR professionals, which of the following should precede the release date statement on a press release?
A) headline B) boilerplate C) sub-headings D) body and lead E) press release label
Cazden Motors' stock is trading at $30 a share. Call options on the company's stock are also available, some with a strike price of $25 and some with a strike price of $35. Both options expire in three months. Which of the following best describes the value of these options?
A. The options with the $25 strike price will sell for less than the options with the $35 strike price. B. The options with the $25 strike price have an exercise value greater than $5. C. The options with the $35 strike price have an exercise value greater than $0. D. If Cazden's stock price rose by $5, the exercise value of the options with the $25 strike price would also increase by $5. E. The options with the $25 strike price will sell for $5.
Most copyrighted music is licensed for use by BMI and ASCAP (organizations that represent musicians, composers, and publishers of music). They charge set fees to music users through "blanket licensing," which does not allow music users to bargain over price. This was attacked as price fixing. The Supreme Court held the practice:
a. legal using a rule of reason analysis because otherwise the market could not function well b. legal because it involved copyrighted material not subject to the antitrust laws c. illegal under a rule of reason analysis, ruling that prices must be negotiated or that there must be many more price categories than before d. illegal under the per se rule against price fixing e. none of the other choices