Which of the following statements is true of business confidence indices?
a. they show how sure actual managers are about future business growth.
b. they indicate how businesses have been performing over the pervious year.
c. they show how confident customers are about companies they do business with
d. they indicate general economic statistics over the previous year
Ans: a. they show how sure actual managers are about future business growth.
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In December of 2012, Jones Inc was formed as a corporation. The company plans to start its operations in early January of 2013. They have the following purchases budgeted for the first quarter of 2013: January $600,000 February 500,000 March 300,000 Jones has worked out agreements with its various suppliers to pay for one-fourth of a month's purchases each month, beginning in the month of
purchase, until the purchases are paid in full. No purchases were made prior to January. What are expected total cash disbursements for the first quarter of 2013? A) $425,000 B) $625,000 C) $775,000 D) $350,000
All administrative proceedings are presided by a select jury of laymen, who then question the functionality of the new, proposed law
Indicate whether the statement is true or false
Jasper makes a $50,000, 90-day, 9.0% cash loan to Clayborn Co. Jasper's entry to record the collection of the note and interest at maturity should be: (Use 360 days a year.)
A. Debit Cash $51,125.00; credit Interest Revenue $1125.00; credit Notes Receivable $50,000. B. Debit Cash for $50,000; credit Notes Receivable $50,000. C. Debit Notes Payable $50,000; Debit Interest Expense $4500; credit Cash $54,500. D. Debit Cash $54,500; credit Interest Revenue $4500, credit Notes Receivable $50,000. E. Debit Cash $51,125.00; credit Notes Receivable for $51,125.00.
What was the defense department penalty for Boeing for using the Lockheed Martin documents?
a. $1 billion fine b. $300 million fine c. $500 million fine d. $1 billion in lost contracts