Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Increase = I Decrease = D No Effect = NA (Note that "No Effect" means that the event does not effect that element of the financial statements or that the event causes an increase in that element is offset by a decrease in that same element.)A transaction recorded as a debit to Cash and a credit to Accounts Receivable.Assets Liabilities Stk. Equity Revenues Expenses Net Income Stmt of Cash Flows???????
What will be an ideal response?
(NA) (NA) (NA) (NA) (NA) (NA) (I)
Debits increase asset accounts, such as cash, and credits decrease asset accounts, such accounts receivable.
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The main risk in a ________ approach is the substantial resources needed and the difficulty of planning entry strategies for many diverse markets
A) shotgun B) continuous C) born global D) sprinkler E) waterfall
While attending a staff meeting, you are asked to give an update on a project on which you are working. Your response is an example of—
a. extemporaneous delivery. b. impromptu delivery. c. memorized delivery. d. scripted delivery.
Which of the following statements is CORRECT?
A. A sunk cost is any cost that was expended in the past but can be recovered if the firm decides not to go forward with the project. B. A sunk cost is a cost that was incurred and expensed in the past and cannot be recovered if the firm decides not to go forward with the project. C. Sunk costs were formerly hard to deal with but now that the NPV method is widely used, it is possible to simply include sunk costs in the cash flows and then calculate the PV of the project. D. A good example of a sunk cost is a situation where Home Depot opens a new store, and that leads to a decline in sales of one of the firm's existing stores. E. A sunk cost is any cost that must be expended in order to complete a project and bring it into operation.
Allen Fund had NAV values of $9, $10, and $12 at the beginning, middle, and end of last year, respectively. It made a $1.00 per share distribution at mid-year. The average annual total return of the fund for the year is
A) 33.33%. B) 44.44%. C) 46.67%. D) 55.55%.