Under which system of government is everything controlled by the government?
A) democracy
B) federal system
C) republic
D) dictatorship
E) social movement
D
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"The DM and the researcher must interact continually rather than sporadically" is an explanation of one of the 7 Cs known as continuity
Indicate whether the statement is true or false
Which of the following statements is true?
A. Closing entries are only necessary if errors have been made. B. By using a work sheet to prepare adjusting entries you need not post these entries to the ledger accounts. C. A post-closing trial balance should include only permanent accounts. D. Retained earnings must be closed each accounting period. E. The work sheet can be substituted for preparing financial statements.
Regarding employee stock options, which of the following is/are true?
a. Firms compute a fair-value-based measure of employee stock options on the date of the grant using an option-pricing model that incorporates information about the current market price, the exercise price, the expected time between grant and exercise, the expected volatility of the stock, the expected dividends, and the risk-free interest rate. b. Total compensation cost is the number of options the firm expects to vest times the expected value per option at the date of redemption. c. Firms amortize this total cost over the requisite service period, which is the expected period of benefit. d. The requisite service period is usually the period between the grant date and the vesting date. e. Firms do not typically remeasure most types of stock options after the initial grant date.
The following balance sheet information was provided by O'Connor Company:Assets Year 2 Year 1 Cash$4,000 $2,000 Accounts receivable 15,000 12,000 Inventory$35,000 $38,000 Assuming that net credit sales for Year 2 totaled $270,000, what is the company's most recent accounts receivable turnover?
A. 7.7 times B. 18 times C. 22.5 times D. 20 times