Which of the following is an area of career opportunities in managerial finance?
A) investment
B) real estate and insurance
C) capital expenditures management
D) personal financial planning
C
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For accounting purposes, a business and its owners are considered separate entities
Indicate whether the statement is true or false
A person's __________ is an indicator of his or her efficiency and is measured in terms of the products or services created per unit of output.
A. productivity B. absenteeism C. turnover D. profitability E. cost-effectiveness
With a futures contract, an investor cannot lose more than the price of the contract itself
Indicate whether the statement is true or false.
Answer the following statements true (T) or false (F)
1. Caesar Company sold $250 of products on account to Scout, Inc. The terms were 2/15, n/eom. Using the "net" method to record the sale, the journal entry would include a credit to Accounts Receivable — Scout for $245. 2. Estimated Inventory Returns is a liability account used to record expected sales returns and allowances amounts. 3. Charmed, Inc. granted a sales allowance to a customer for damaged goods. The journal entry to record this includes a debit to Estimated Inventory Returns. 4. TNT Corp accepts a return of merchandise that a customer purchased on credit. The return will affect the balance sheet but not the income statement. 5. FOB destination means that title passes at the time of shipment of the product to the buyer from the seller.