When confronted with information contrary to our existing views, we sometime use ______ to “tune it out” by diverting our attention elsewhere.
A. internalization
B. cognition
C. scripts
D. selective avoidance
D. selective avoidance
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A company provided $12,000 of consulting services and was immediately paid in cash by the customer. Identify the journal entry below that properly records this transaction.
A.
| Accounts Receivable | 12,000 | |
| Consulting Services Revenue | 12,000 |
B.
| Cash | 12,000 | |
| Consulting Services Revenue | 12,000 |
C.
| Accounts Payable | 12,000 | |
| Consulting Services Revenue | 12,000 |
D.
| Accounts Receivable | 12,000 | |
| Cash | 12,000 |
E.
| Consulting Services Revenue | 12,000 | |
| Cash | 12,000 |
Costs that have been incurred in the past but are no longer relevant to decision making are ________
a. discontinued b. differential c. relevant d. sunk
Business ethics rarely involves the application of moral standards to the business activity of a normal company.
Answer the following statement true (T) or false (F)
Cabell Corp. bonds pay an annual coupon rate of 10%. If investors' required rate of return is now
12% on these bonds, they will be priced at A) a premium to par value. B) par value. C) a discount to par value. D) Cannot be determined without knowing the number of years to maturity.