Murphy Corporation had originally purchased land for $38,000. It later sold it for $38,000 in cash. Which of the following is true of the effect of the sale of land on the accounting equation?
A) assets increase and liabilities decrease by $38,000
B) assets and equity increase by $76,000
C) assets increase by $38,000; equity increases by $38,000
D) the amount of total assets remains the same
D
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A fine luggage maker was struggling with heavy debt and a sharp decline in customers, and it eventually declared bankruptcy. The company followed which grand strategy?
A. Growth B. Stability C. Defensive D. Reduction E. Reactive
Job design is the process of ______.
a. determining appropriate levels of authority and responsibility b. identifying tasks that each employee is responsible for completing c. creating innovative routines that benefit other groups in the company d. grouping related activates into units
If demand is unstable, as it often is in the introductory and growth stages of the product life cycle, it might be best for a firm to use a
A. pull strategy. B. push strategy. C. demand strategy. D. supply strategy. E. forecast strategy.
Zero-coupon bonds maturing in 1, 2, and 3 years have prices of 0.9020, 0.8320, and 0.7620, respectively. What is the implied forward rate from year 2 to year 3?
A) 7.94% B) 9.19% C) 09.68% D) 10.21%