Permanent funds can be either a governmental fund or a fiduciary fund where only income on donated assets may be spent.
Answer the following statement true (T) or false (F)
False
A permanent fund is a governmental fund. Fiduciary funds are private-purpose trust, investment trust, pension trust or agency funds.
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The Technology Acceptance Model defines perceived usefulness as the extent to which a person believes that the use of a particular system would be free of effort.
Answer the following statement true (T) or false (F)
Managers always attempt to maximize the long-run value of their firms' stocks, or the stocks' intrinsic values. This is exactly what stockholders desire. Thus, conflicts between stockholders and managers are not possible.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. Financial markets exist as a vast global network of individuals and financial institutions that may be lenders, borrowers, or owners of public companies worldwide. 2. Money markets refer to those markets dealing with short-term securities having a life of one year or less. 3. Money markets refer to markets where excess corporate cash is exchanged for foreign currencies that can earn a higher return than domestic money. 4. Capital markets refer to those markets dealing with short-term securities that have a life of one year or less. 5. The primary market includes the sale of securities by way of initial public offerings.
Indicate whether each of the following statements about financial statement analysis is true or false.Working capital measures a company's immediate debt-paying ability. ______Accounts receivable turnover is a direct measure of a company's uncollectible accounts expense. ______Accounts receivable turnover is calculated by using the following formula: net credit sales ÷ average accounts receivable. ______Net credit sales is sales on account plus sales returns and discounts. ______The amount of average receivables can be calculated using the amount of receivables shown on balance sheets for the current year and previous year. ______
What will be an ideal response?