FL
Fareeza Lokman
Answers (6)
FL
Answered
Responsibilities of the finance department include, but are not limited to:
A) managing the company's money.
B) providing financial input to general business decisions.
C) looking over everyone else's shoulder to make sure they're using money effectively.
D) All of the above
A) managing the company's money.
B) providing financial input to general business decisions.
C) looking over everyone else's shoulder to make sure they're using money effectively.
D) All of the above
On Jul 11, 2024
D
FL
Answered
Refer to Table 22-1. Depending on the order of the pairwise voting, the friends could go to either
A) Italy, Hawaii, or Spain.
B) Italy or Hawaii, but they will not go to Spain.
C) Hawaii or Spain, but they will not go to Italy.
D) Italy or Spain, but they will not go to Hawaii.
A) Italy, Hawaii, or Spain.
B) Italy or Hawaii, but they will not go to Spain.
C) Hawaii or Spain, but they will not go to Italy.
D) Italy or Spain, but they will not go to Hawaii.
On Jul 10, 2024
A
FL
Answered
Indicate the effect of each item on the particular ratio of that row of the schedule.In the last column of the schedule,place the answer of the effect of the item on the ratio.Use the letter I for increase in the ratio,D for decrease in the ratio,and N for no effect on the ratio.Each item is independent of the others.
On Jun 11, 2024
A.Cash increases the numerator of current assets.Bonds Payable has no effect.B.Inventory is not a quick asset.Accounts payable decreases the denominator of the ratio.
C.Receivables will be collected slower.
D.Shares outstanding increases the denominator of the ratio.
E.Cash increases current assets more than the removal of short-term investment decreases current assets.The numerator of the ratio increases.
F.Removing the building from the books reduces the denominator of the ratio.
G.Gross profit decrease of .30 decreases profit margin by more than the existing .25 ratio.
FL
Answered
Apple founder Steve Jobs received patents on many of his ideas. While the patents existed, his ideas were
A) public goods and proprietary knowledge.
B) public goods but not proprietary knowledge.
C) private goods and proprietary knowledge.
D) private goods but not proprietary knowledge.
A) public goods and proprietary knowledge.
B) public goods but not proprietary knowledge.
C) private goods and proprietary knowledge.
D) private goods but not proprietary knowledge.
On Jun 10, 2024
C
FL
Answered
T-account analysis can be used to gain insights into why accrual basis earnings and cash basis earnings differ and to
A) journalize future transactions.
B) reconstruct transactions that have occurred during a given reporting period.
C) post transactions that have occurred during a given reporting period.
D) determine the current market price of common stock.
A) journalize future transactions.
B) reconstruct transactions that have occurred during a given reporting period.
C) post transactions that have occurred during a given reporting period.
D) determine the current market price of common stock.
On May 12, 2024
B
FL
Answered
List the requirements generally required for a check to be considered properly payable.
On May 10, 2024
Under the properly payable rule,a bank has a duty to pay checks from its customer's account as long as the checks are "properly payable." In other words,a check must be authorized by the drawer and must not violate an agreement between the bank and the customer.Generally,for a check to be considered properly payable,it must:
(1)Have the drawer's authorized signature on the check;
(2)Be paid to a person entitled to enforce the check;
(3)Not have been altered;
(4)Not have been completed by addition of unauthorized terms if the check was incomplete;
(5)Be paid on or after the date of the check; and
(6)Not be subject to a stop payment from the drawer.
(1)Have the drawer's authorized signature on the check;
(2)Be paid to a person entitled to enforce the check;
(3)Not have been altered;
(4)Not have been completed by addition of unauthorized terms if the check was incomplete;
(5)Be paid on or after the date of the check; and
(6)Not be subject to a stop payment from the drawer.