The interest rates on loans offered by the government toward financing of industrial buildings
has been decreased. This decrease is an example of the effect of the ________ environmental
force on the market.
A) political B) social C) technological D) economic
D
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At the end of the period, the total of the accounts receivable ledger balances must equal the Accounts Receivable balance in the general ledger
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Journal entries that arise from reconciling items on the book side of the bank reconciliation include either a debit to Cash or a credit to Cash. 2. Cash equivalents are included in the calculation of the cash ratio. 3. A cash equivalent is a highly liquid investment that can be converted into cash in one year or less. 4. Having a cash ratio above 1.0 implies that a company has enough cash and cash equivalents to pay current liabilities. 5.Checking accounts and money market accounts are examples of cash equivalents.
Harmonization of IASB and FASB standards is now being called:
a. benchmarking. b. conformity. c. uniformity. d. convergence.
A new young executive is perplexed at the number of interruptions that occur due to employee relations. She has decided to track the number of interruptions that occur during each hour of her day
Over the last month, she has determined that between 0 and 3 interruptions occur during any given hour of her day. The data is shown below. Number of Interruptions in 1 hour Probability 0 interruption .5 1 interruptions .3 2 interruptions .1 3 interruptions .1 On average, she should expect 0.8 interruptions per hour. Indicate whether the statement is true or false