[The following information applies to the questions displayed below.] The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash$4,000 Accounts receivable$3,400 Dividends 2,000 Common stock 3,900 Land 3,200 Revenue 3,200 Accounts payable 1,800 Expense 2,200 Retained earnings 5,900 After closing, what is the balance of the Retained Earnings account on December 31, Year 1?
A. $3,900
B. $7,200
C. $5,900
D. $4,900
Answer: D
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Economic policy affects
A. only the amount of money in the economy. B. only the lending policy of financial intermediaries. C. the entire financial system. D. how financial securities are traded and no other part of the financial system.
Carrie Ann works at Paper Products, Inc She considers taking home a few sheets of stationery so she can write letters to her ailing grandmother. Since Paper Products produces thousands of sheets of stationery every day no one will miss the few sheets she takes and company profits will not be affected. Carrie Ann then considers what would happen if every employee took some stationery home and
decides not to take any. Carrie Ann is being influenced by a. the categorical imperative. b. the principle of rights. c. a cost-benefit analysis. d. outcome-based ethics.
Taking a cash advance on your credit card for daily living expenses may not be a wise financial decision because interest begins on the cash advance balance amount immediately
Indicate whether this statement is true or false.
For a minimization problem, the conservative approach is often referred to as the
a. minimax approach. b. maximin approach. c. maximax approach. d. minimin approach.