Frazier is out of milk and bread and needs to decide what is for dinner. He will be stopping at the grocery store on the way home. Frazier will likely engage in limited problem solving.
Answer the following statement true (T) or false (F)
True
Milk and bread might be habitual purchases, or Frazier might consider different types of bread or different-sized containers of milk. He must also decide on a menu for dinner and purchase the groceries he needs. None of this requires extended problem solving-Limited problem solving occurs during a purchase decision that calls for, at most, a moderate amount of effort and time.
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The disbursements section of a cash budget consists of all cash payments for the period except cash payments for dividends.
Answer the following statement true (T) or false (F)
Assume a corporation has 8,000 shares of $8 par common stock outstanding. The corporation declares a 2 for 1 stock split. What are the appropriate journal entries?
a. Debit Common Stock $32,000, debit Accounts Receivable $32,000, credit Sales $64,000. b. Debit Retained Earnings $64,000, credit Common Stock $32,000, credit Paid-in Capital in Excess of Par-Common Stock $32,000. c. Debit Common Stock $32,000, debit Paid-in Capital in Excess of Par-Common Stock $32,000, credit Common Stock $64,000. d. No formal journal entry is made. e. Debit Common Stock $64,000, credit Paid-in Capital in Excess of Par-Common Stock $64,000.
The Sunshine Act allows for closed meetings if they concern agency participation in pending or anticipated litigation
a. True b. False Indicate whether the statement is true or false
Once you have examined a financial institution's service and convenience you will want to ask three questions about their cash management alternatives. What are they?
What will be an ideal response?