The Chinese concept of guanxi is an example of
A. a regulative, formal institution.
B. an informal, cognitive institution.
C. a favorite cooking method of Chairman Mao.
D. taken-for-granted approaches to friendship relations.
Answer: B
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Calculate the NPV of the project.
The following details are provided by Beckett Company:
A) $959,500
B) $581,870
C) $1,015,050
D) $252,500
Wall Inc. forecasts that it will have the free cash flows (in millions) shown below. Assume the firm has zero non-operating assets. If the weighted average cost of capital is 14% and the free cash flows are expected to continue growing at the same rate after Year 3 as from Year 2 to Year 3, what is the firm's total corporate value, in millions? Do not round intermediate calculations. Year 1 2 3 Free cash flow -$20.00 $48.00 $50.50 ?
A. $535.20 B. $553.65 C. $572.11 D. $549.04 E. $461.38
Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,000 shares issued, and 8,000 shares of common stock outstanding. The journal entry to record the dividend declaration is:
A. Debit Retained Earnings $4,000; credit Common Dividends Payable $4,000. B. Debit Common Dividends Payable $4,500; credit Cash $4,500. C. Debit Retained Earnings $4,500; credit Common Dividends Payable $4,500. D. Debit Retained Earnings $10,000; credit Common Dividends Payable $10,000. E. Debit Common Dividends Payable $4,000; credit Cash $4,000.
A(n) ______________________________ file is one that is reviewed on a current and regular basis for the purpose of taking action to clear the items from that file.
Fill in the blank(s) with the appropriate word(s).