Lutz took out a standard fire insurance policy on her home from two different companies. When the house was destroyed by fire, Lutz tried to collect the full amount from both companies. Will she succeed?
No. When the property is insured with more than one insurance company, each company is only liable for its proportionate share of the loss.
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The entry to close Cost of Goods Sold at the end of the year includes a credit to Income Summary
Indicate whether the statement is true or false
For the following types of companies, discuss whether you think their cash flows from operations, investing, and financing will be positive (the activity provides cash) or negative (the activity uses cash). Provide support for your answer. 1 . Tech
Corporation is a developer of computer software for the gaming industry. The company recently launched its first software title. The company is expanding its operations by hiring additional developers and administrative staff. The company is not yet profitable, but expects to break even within two years. Investors view it as having a first mover advantage and have been happy to invest in the company. 2 . Midwest Corporation is a supplier to the agricultural industry. The company is experiencing its 25th year of profitability, but is concerned that sales have contracted for the fifth year in a row. Midwest prides itself in paying dividends and having no debt on its balance sheet. 3 . Semi Inc manufactures semiconductors. The company has just introduced its ninth new product and is the leader in market share for the industry. The company continues to invest in research and development and expand by purchasing competitors. The company has yet to pay dividends, but is considering it in the future. The company's largest current asset is cash, due to its high profit margin.
Since the majority of Angie's prospects are strangers who walk up to her counter out of the blue, what is the most important preparation Angie should do for the presentation?
A) Learn her products and how to give excellent facials and makeovers. B) Practice the standardized presentation script. C) Proofread her PowerPoint presentation to guarantee good grammar and spelling. D) Quickly search for the prospect on the Internet to glean basic information. E) Assume the prospect has never used makeup before.
Polygraph testing may be used by private employers whose primary purpose consists of what?
A. Providing air transportation B. Providing armored car personnel C. Providing human resource services D. Providing entertainment services E. Providing fitness center services