Management accountants working in purchasing department must decline gifts from company vendors; because this might influence, or be perceived as influencing their performance or decision analyses

Indicate whether the statement is true or false


True

Business

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Most cultures in the world value compassion and frugality.

a. true b. false

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Susan is unhappy with the way her mother has made out her will. Susan has a lawyer draft a new will and then signs her mother's name to it without her mother's consent. Susan has committed

a. larceny. b. no crime. c. robbery. d. forgery.

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Bart, a single taxpayer, has recently retired. This year, he received $24,000 in pension payments and $5,000 of Social Security payments. What amount must Bart include in his gross income for the Social Security payments?

A. $750 B. $0 C. $4,250 D. $1,500 E. $2,500

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For a few years now, Karen Williamson and her sister have operated an office services company that caters to small businesses in town. Recently, they got an opportunity to buy a used high-speed copy machine for $8,500 . which they considered an

excellent price. To make the purchase quickly, they agreed to pay $1,00 . now and borrow $7,500 from the seller for 60 days at 9.5% exact simple interest. What is the total amount that they will need to repay the seller at the end of the 60 days? (Use a 365-day year.)

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