Of what importance are good management practices as they relate to working capital?
What will be an ideal response?
Answer: The stock of net working capital is the amount of inventory, cash, and accounts receivable minus accounts payable that the firm must have on hand to run its business. If the business can be run with a lower net working capital, this amount of assets could be given to investors. Conversely, increases in net working capital use after-tax profits that the firm could otherwise use to finance capital expenditures or pay to investors. As such, changes in net working capital are investments that the firm makes in its future profitability.
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Someone with a very high need for achievement ______.
a. will probably often give recognition to others for their accomplishments b. might have difficulty motivating others c. will find it difficult to recognize the accomplishments of others d. would not have emotional intelligence
According to philosopher Norman Bowie, ________ is the "moral minimum" that is expected of every person.
What will be an ideal response?
Which of the following statements regarding inventory shrinkage is not true?
A. Inventory shrinkage is determined by comparing a physical count of inventory with recorded inventory amounts. B. Inventory shrinkage is recognized by debiting Cost of Goods Sold. C. Inventory shrinkage can be caused by theft or deterioration. D. Inventory shrinkage refers to the loss of inventory. E. Inventory shrinkage is recognized by debiting an operating expense.
What must be established for a court to rule a contract is unconscionable?
A) unequal bargaining power B) the contract was grossly unfair C) one party was significantly weaker due to inabilities or distress D) the transaction was hasty and careless E) all of the above