Which of the following statements is true about responsibility accounting?
a. A profit center should be responsible for revenues only.
b. Managers should be responsible for only those things which are under their control.
c. Managers should be responsible for all things related to the organization.
d. An investment center should be responsible for costs and revenues.
b
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When using the indirect method, how is the decrease in accounts payable shown on the statement of cash flows?
a. Operating activity b. Investing activity c. Financing activity d. Noncash investing and financing activity
Wilson Dover Inc. The total value (debt plus equity) of Wilson Dover Inc. is $500 million and the face value of its 1-year coupon debt is $200 million. The volatility (?) of Wilson Dover's total value is 0.60, and the risk-free rate is 5%. Assume that N(d1) = 0.9720 and N(d2) = 0.9050. ? Refer to the data for Wilson Dover Inc. What is the value (in millions) of Wilson Dover's debt if its equity is viewed as an option?
A. $167.57 B. $186.19 C. $204.81 D. $225.29 E. $247.82
The term e-commerce is usually in reference to ________.
A. the trading of stock in power utilities B. conducting business electronically on the internet C. construction of refineries in the energy sector D. a nation's overall economic activity
Which of the following is a cash outflow for a financing activity on the statement of cash flows?
A) purchase of long-term investments, such as the stock of another company B) loans made to another party C) purchase of treasury stock D) purchase of land