State law may limit the right of citizens to bring certain cases to certain courts for resolution
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following cash budget equations is incorrect?
A. Period one ending cash balance = period two beginning cash balance B. Cash payments + cash receipts = cash requirements C. Beginning cash + cash receipts = total cash available D. Cash payments + cash cushion = total cash needed
Which of the following is covered under a fire insurance policy without any extended coverage?
A. A fire caused by extreme heat in desert areas B. A fire caused by an electrical fault in a factory C. Smoke arising out of a singed electrical circuit D. Smoke damage as a result of excessively overcooked food
Which of the following statements is true about capital budgeting analysis?
A. A project should be purchased if its net present value (NPV) is positive. B. A project with only cash outflows and no cash inflows would have two internal rates of return (IRRs). C. The traditional payback period method should be used for capital budgeting decisions when there is a conflict in the project rankings using the NPV method and the internal rate of return (IRR) method. D. The net present value (NPV) method should be used to evaluate independent projects, but the internal rate of return (IRR) method should be used to evaluate mutually exclusive projects. E. The payback period method should be used to evaluate capital budgeting projects that have multiple cash outflows.
Universal Exports has several crates it needs to send from the United Kingdom to North Korea. They have located a firm that specializes in transferring cargo to the actual carrier that will bring the crates into North Korea
This firm could be described as: A) an interlocuter. B) a customs broker. C) a freight forwarder. D) a mercenary.