The accounting equation is represented by Assets= Liabilities + Stockholders' Equity which of the following would cause a change in the stockholders' equity accounts:
a. Sale of Land for cash and a note receivable for the balance
b. Collection of an account receivable
c. Purchased an asset for cash and 10,000 shares of preferred stock
d. Purchase of common stock back from shareholders
C and D
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The cost of going to an ATM is $1 in an economy. If the nominal interest rate in the economy is 5 percent, what is the total cost associated with holding cash for an individual who spends $10 daily and has a 15 percent probability of having his cash lost or stolen? Assume that he visits the ATM once in every T days.
A. (182.5/T) + (0.2 ×T) B. (182.5/T) + (0.2 ×T) C. (365/T) + (0.5 ×T) D. (365/T) + T
Who is a citizen who decides the facts of a case?
a. Juror b. Court clerk c. Bailiff d. Court reporter
Wellesley, Inc uses the indirect method to prepare the statement of cash flows
Refer to the following section of the comparative balance sheet: Wellesley, Inc Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Increase/(Decrease) Cash $42,000 $25,000 $17,000 Accounts Receivable 32,000 55,000 (23,000 ) Merchandise Inventory 180,000 123,000 57,000 Total Assets $254,000 $203,000 $51,000 The change in Merchandise Inventory is shown as a negative cash flow in the adjustments to net income. Indicate whether the statement is true or false
When using the ________ approach to strategic planning, the products sold by multinational corporations often have a large portion of their value added in the downstream activities of the value chain.
A. quality imperative B. cost imperative C. political imperative D. economic imperative