Balance Sheet accounts are also called:
A. Temporary accounts
B. Equity accounts
C. Permanent accounts
D. None of the choices are correct
Answer: C
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A(n) ________ is the market segment a firm selects because management believes the firm's offerings are most suited to winning those customers
A) target market B) business portfolio C) SBU D) SWOT E) marketing control
On January 1, a company issues bonds dated January 1 with a par value of $350,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 6% and the bonds are sold for $364,930. The journal entry to record the issuance of the bond is:
A. Debit Cash $364,930; credit Bonds Payable $364,930. B. Debit Cash $364,930; credit Discount on Bonds Payable $14,930; credit Bonds Payable $350,000. C. Debit Cash $350,000; debit Premium on Bonds Payable $14,930; credit Bonds Payable $364,930. D. Debit Cash $364,930; credit Premium on Bonds Payable $14,930; credit Bonds Payable $350,000. E. Debit Bonds Payable $350,000; debit Bond Interest Expense $14,930; credit Cash $364,930.
Which of the following is not a definition of the minimum required rate of return?
a. the discount rate b. the accounting rate of return c. the hurdle rate d. the cost of capital e. All of these are definitions.
Jackson & Murphy Enterprises expects the following for 2017
Net cash provided by operating activities of $232,000 Net cash provided by financing activities of $18,000 Net cash provided by investing activities of $67,000 Cash dividends paid to stockholders of $16,000 The business plans to spend $107,000 to purchase equipment. What is the expected amount of free cash flow for 2017? A) $109,000 B) $125,000 C) $76,000 D) $60,000