In an effort to control the depletion of the ozone layer, which of the following treaties was signed in 1987?
a. the Rio Convention
b. the Hague Convention c. the Geneva Convention d. the Montreal Protocol
e. the Kyoto Treaty
d
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Arco Corporation declared a cash dividend on June 2 of $6 per common share. The company has 2,000 shares of common stock authorized, 1,000 shares issued, and 200 in the treasury. The entry to record the declaration of the cash dividend increases
a. a liability. b. an asset. c. an expense. d. a stockholders' equity account.
Which of the following statements is true?
a. One advantage of the payback period is that it disregards the time value of money. b. One of the assumptions of capital budgeting is that the longer it takes to recover the initial investment, the greater the project's risk. c. The payback period can be measured only if the annual cash flows are equal . d. The formula for computing payback period is: Payback Period = Investment -salvage value/ annual cash inflow
Joe and Bob are both regional managers with the ABC company whose central corporate office is in Texas. They both have developed great new capabilities for their market and will implement them as soon as headquarters approves. Joe and Bob are employees of what kind of corporation?
a. Multinational b. Global c. National d. International
Tomas signs a check “pay to the order of University Bookstore” drawn on his account in Verity Bank to pay for his textbooks. The bookstore deposits the check in its account in West Bank. Like most checks, this check is
A. virtual cash. B. digital cash. C. a special type of draft. D. a type of electronic fund transfer.