Larger the difference between an asset's worst outcome from its best outcome, the higher the risk of an asset
Indicate whether the statement is true or false
TRUE
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Which of the following will not cause a trial balance to be out of balance?
a. The balance for an account is incorrectly computed. b. A debit entry is posted as a credit. c. A credit entry is posted to the wrong account as a credit. d. An account is accidentally omitted from the trial balance.
Which of the following ratios give a perspective on risk in the capital structure?
a. Book value per share b. Price/earnings ratio c. Degree of financial leverage d. Dividend yield
Carla and Eliza share income equally. During the current year the partnership net income was $40,000. Carla made withdrawals of $12,000 and Eliza made withdrawals of $17,000. At the beginning of the year, the capital account balances were: Carla capital, $42,000; Eliza capital, $55,000. Eliza's capital account balance at the end of the year is
A) $52,000 B) $58,000 C) $82,000 D) $75,000
Which of the following statements is true about reactions to change?
a. People will almost always be disconcerted by the prospect of change b. People will have strong responses to change based on the perceived consequences to them c. People will generally accept change that benefits the organization as a whole d. People will feel the same way about change that their peers do