The best rule for choosing projects when a firm has a limited amount of funds is to accept the group of projects with the greatest combined ________
A) number of projects
B) IRR
C) NPV
D) time to completion
Answer: C
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Mclaren Corp incurred the following costs to acquire and prepare land during 2016 for a new parking lot: purchase price for land, $800,000; cost to clear the land, $30,000; cost of paving, $40,000; and lighting for the parking lot, $20,000 . How much should Halifax record in the Land Improvements account?
a. $30,000 b. $40,000 c. $60,000 d. $90,000
On a statement of cash flows prepared using the direct method, if inventory has decreased from one accounting period to another, net purchases will be greater than the cost of goods sold because net purchases during the period have exceeded the dollar amount of the items sold during the period
Indicate whether the statement is true or false
Accrued revenues would normally appear on the balance sheet as
a. plant assets. b. current liabilities. c. long-term liabilities. d. current assets.
Answer the following statements true (T) or false (F)
1. The three major stages of the TRM system are unfreezing, moving, and refreezing. 2. Stakeholder engagement processes ensure that the ethical vision the firm is developing coincides with the needs and expectations of all the stakeholders. 3. Firms that implement a Total Responsibility Management system are not able to generate the relevant information of interest for internal and external stakeholders due to the complexity of the system. 4. An effective code of ethics is formed of a standard set of recommendations that includes both advice and internal structures to help employees implement the code of ethics.