Of the abilities below, which is NOT fundamental to effective writing?
A) to think before writing
B) to draft and redraft till you have a polished, finished product
C) to write your material to appeal to all audiences
D) to write tightly
C
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Treasury stock should be reported in the financial statements of a corporation as a(n)
a. investment b. liability c. current asset d. deduction from stockholders' equity
Which of the following statements regarding behavioral research in accounting is not true?
a. Much of this research uses laboratory subjects in carefully controlled experimental situations. b. This approach seeks to understand what accounting information is selected for use and how it is processed. c. This research has found that published financial statements are not often used for managerial decision-making purposes. d. The question of how representative student subjects are to the broad population is a problem that pervades virtually all behavioral research that uses student subjects.
The confirmation step is most likely important because it:
A) assures that the customer cannot back out of the purchase B) reassures buyers that they made the right decision C) means that the salesperson can collect a commission D) leads into the service step of the process E) signals an end to buyer's remorse
XYZ is a paint product manufacturer, and one of the plants is experiencing a substantial increase in demand. The future demand for the products could be low, medium, or high, with probabilities estimated to be 25%, 50%, and 30%, respectively. The company wants to determine the financial impact associated with the three decision alternatives under the varying levels of demand. Given the following payoff matrix, compute the expected regret for the option of building a new plant.
a. $10.6 M
b. $21.5 M
c. $9.5 M
d. $14 M