One of the key components to making financial decisions is to ________
A) understand the timing and amount of dividends
B) understand the timing and amount of cash flow
C) understand the timing of EBIT
D) understand the amount of net income
Answer: B
Explanation: B) One of the key components to making financial decisions is to understand the timing and amount of cash flow. Dividends, EBIT, and net income are not synonymous with the firm's cash flow for any particular period.
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Jane’s dad told her to empty the dishwasher before he got home from the gym or she would have a consequence. Jane felt that it was not her turn to do this chore and therefore watched TV instead. Jane’s dad received which outcome for his influence tactic?
A. compliance B. resistance C. adherence D. commitment
For which of the periods below was U.S. macroeconomic performance poorest?
a. 1960-1973 b. 1974-1982 c. 1983-2000
In a well-managed small business, the balance sheet is not as important to the owner as the income statement.
Answer the following statement true (T) or false (F)
Gifts. For some time before she died, Merle Zimmerman allowed her good friend, Joan Robertson, to assist her with her financial affairs. Robertson was given access to Zimmerman's funds, through joint bank accounts, and to Zimmerman's safe-deposit box
At one point, Zim-merman gave Robertson a number of municipal bonds to "put . . . in safekeeping." Robertson noticed that the bonds had been placed in a series of Manila envelopes, and each envelope contained a piece of paper on which was written the name of one of Zimmerman's relative. One envelope, which contained bonds with a face value of $22,000, had Robertson's name in it. When Zimmerman died, Robertson distributed the bonds to the people whose names were in the envelopes and retained the bonds in the envelope with her own name on it. Zimmerman's estate claimed ownership of the bonds. Robertson asserted that Zimmerman had made a gift to her of the bonds. Discuss whether an effective gift had been made.