Governments in developing countries sometimes adopt policies that retard the efficient operation of their financial systems. These actions include policies that
A) prevent lenders from foreclosing on borrowers with political clout.
B) nationalize banks and direct credit to politically favored borrowers.
C) make it costly to collect payments and collateral from defaulting debtors.
D) do all of the above.
E) do only A and B of the above.
D
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Selma Inc. reported the following results from last year's operations: Sales$13,800,000Variable expenses 9,950,000Contribution margin 3,850,000Fixed expenses 3,022,000Net operating income$ 828,000Average operating assets$6,000,000Last year's margin was closest to:
A. 27.9% B. 6.0% C. 78.1% D. 13.8%
Prince Company acquires Duchess, Inc. on January 1, 2016. At the date of acquisition, Duchess has long-term debt with a fair value of $1,500,000 and a carrying amount of $1,200,000.With respect to long-term debt consolidation worksheet adjustments in periods following the acquisition, which of the following is correct:
A. Debit Interest Expense and Credit Long-Term Debt Expense. B. Do not adjust the value of the debt because Prince is not obligated to repay the debt. C. Prince must recognize an increase in interest expense if the amount is material. D. Credit Long-Term Debt and Debit Interest Expense on the balance sheet of Duchess. E. Debit Long-Term Debt and Credit Interest Expense.
_____ of a global information system (GIS) concentrates on medium-range activities that move an organization toward achieving long-term goals
A) Differential support B) Strategic support C) Operational support D) Tactical support
The term "enterprise resource planning (ERP)" can mean different things.
Answer the following statement true (T) or false (F)