Which of the following will affect the firm's future cash flows? I. state of the economy II. state of the industry III. the firm's recent and current earnings IV. new products in the firm's pipeline
A) I, II and III only
B) I, II and IV only
C) I, III and IV only
D) I, II, III and IV
Answer: B
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What first step should managers take if they want to improve an organizations’ diversity profile and procedures?
a. Disseminate literature about the importance of diversity. b. Assess the organization’s current diversity status. c. Write a code of ethics that incorporates diversity. d. Terminate employees with poor diversity records.
Firms recognize revenue, or income, under the following condition(s)
a. completion of the earnings process, only. b. receipt of assets from the customer, only. c. completion of the earnings process and receipt of assets from the customer. d. receipt of cash from the customer, only. e. commencement of the earnings process, only.
Zach Company owns 40% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $20,000 net loss. Zach Corporation's entry would include a
A) Debit to the investment account for $20,000 B) Debit to the investment account for $8,000 C) Credit to the investment account for $8,000 D) Debit to a loss account for $8,000
One person's attitude typically does not influence the attitudes of others in the workplace
Indicate whether the statement is true or false