One response made to young white males who claim that they did not cause the harm done by past discrimination and, therefore, are being unfairly harmed by being denied equal access is that they are simply being denied something they did not deserve-that is, an unfair competitive advantage.
Answer the following statement true (T) or false (F)
True
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On November 2, 2014, Quaint General Store concluded that a customer's $400 account receivable was uncollectible and that the account should be written off. What effect will this writeoff have on Quaint's 2014 net income and balance sheet totals assuming the allowance method is used to account for bad debts?
a. Decrease in net income; decrease in total assets b. Increase in net income; no effect on total assets c. No effect on net income; decrease in total assets d. No effect on net income; no effect on total assets
Which of the following is NOT a type of perceived risk in purchasing and using services?
a. Functional b. Permanent c. Financial d. Physical e. Social
Sweet Tooth Pastries, Inc., and other bakers refer to a "baker's dozen" as consisting of a collection of thirteen baked goods. This is an example of
A. course of dealing. B. course of performance. C. square dealing. D. usage of trade.
Hardwig Inc. Hardwig Inc. is considering whether to pursue a restricted or relaxed current asset investment policy. The firm's annual sales are expected to total $3,600,000, its fixed assets turnover ratio equals 4.0, and its debt and common equity are each 50% of total assets. EBIT is $150,000, the interest rate on the firm's debt is 10%, and thetax rate is 25%. If thecompanyfollows a restricted policy, its total assets turnover will be 2.5. Under a relaxed policy its total assets turnover will be 2.2. Refer to the data for Hardwig, Inc. What's the difference in the projected ROEs under the restricted and relaxed policies?
A. 1.50% B. 1.88% C. 2.25% D. 2.70% E. 3.24%