Comparative financial statements are reports that show financial amounts in side by side columns on a single statement for analysis purposes.
Answer the following statement true (T) or false (F)
True
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Which statement is true about cultures with a long-term orientation?
A. They focus primarily on cultural values that tend to pay off in the future. B. They prefer jobs that are relaxed, easy, and do not involve hard work. C. They promote respect for those who are good at achieving immediate results. D. They focus primarily on cultural values that fulfill obligations in the present. E. They have a tendency to look down upon those who invest in savings.
Answer the following statements true (T) or false (F)
1. The Social Security system is funded by contributions from both the employer and employee. 2. Employer FICA is paid by the employer and recorded as a payroll tax expense. 3. FICA tax is a tax that is paid both by the employer and the employee. 4. Employer FICA tax is paid by the employer and is added to the employee's earnings. 5. FICA tax is paid by the employee only.
Cielo Corporation had net income of $740,000 in 20x4 and $830,000 in 20x5. Total stockholders' equity at the end of 20x4 was $1,250,000 and total stockholders' equity at the end of 20x5 was $1,500,000. Cielo's total assets at the end of 20x4 were $2,210,000 and its total assets at the end of 20x5 were $2,860,000. Based on this information, what is Cielo's return on equity for 20x5?
A) 32.74% B) 55.33% C) 57.09% D) 60.36%
The first step in the risk management process is risk assessment.
Answer the following statement true (T) or false (F)