Many companies continue to use the payback method because it is
a. inexpensive to use.
b. more favorable in its short-term effects on earnings.
c. an immediate cash payment.
d. a longer loan program.
ANSWER: b
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Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred:1. Wiley invested $25,000 cash in the business in exchange for common stock. 2. Wiley contributed $100,000 of equipment to the business in exchange for common stock. 3. The company paid $2,000 cash to rent office space for the month of March. 4. The company received $16,000 cash for repair services provided during March. 5. The company paid $6,200 for salaries for the month of March. 6. The company provided $3,000 of services to customers on account. 7. The company paid cash of $500 for utilities for the month of March. 8. The company received $3,100 cash in advance from a customer for repair services to be provided in April. 9. The company paid $5,000 in cash
dividends. Based on this information, the total amount of stockholders' equity reported on the balance sheet at the end of March would be: A. $8,400. B. $13,500. C. $133,400. D. $130,300. E. $125,300.
The income statement indicates a business's success or failure in earning an income from its operating activities, but it does not reflect the inflow and outflow of cash from operating activities
Indicate whether the statement is true or false
What first step should managers take if they want to improve an organizations’ diversity profile and procedures?
a. Disseminate literature about the importance of diversity. b. Assess the organization’s current diversity status. c. Write a code of ethics that incorporates diversity. d. Terminate employees with poor diversity records.
In determining if a person's conduct is negligent, the law applies the "subjective person" standard of what is reasonable for that person
a. True b. False Indicate whether the statement is true or false