A firm's working capital may come from either internal sources-such as sales revenue and profits-or external sources-such as money from sales of stocks or bonds.
Answer the following statement true (T) or false (F)
True
There are a number of different possible sources of capital. However, it is useful to boil them down to two categories: external sources, such as loans or sales of stocks or bonds, and internal sources, such as cash accumulated from the firm's profits.
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Which of the following are among the five actions that Professor Melvin Sharpe indicates can "harmonize" relations between individuals and organizations?
A) measured remarks that foster credibility B) environmental research and evaluation to determine actions or adjustments needed C) continuous one-way communication D) credible actions that favor the organization
The word "parol" literally means release
Indicate whether the statement is true or false
Which of the following is a flexible expense?
A. your paycheck B. your insurance payment C. your grocery bill D. your rent payment
Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman's income for the current year before any depreciation deduction was $100,000. Which of the following statements is true to maximize Littman's total depreciation deduction for 2019? (Use MACRS Table 1.)
A. Littman's §179 expense will be greater than $100,000. B. Littman's §179 expense will be less than $100,000. C. Littman should take §179 expense equal to the maximum $1,000,000. D. Littman should take no §179 expense. E. None of the choices are correct.