IL
Ismael Lumibao
Answers (6)
IL
Answered
Which of the following statements is incorrect?
A) Ordinary repairs and maintenance decrease net income.
B) Capital expenditures decrease assets.
C) Ordinary repairs and maintenance are recurring in nature.
D) Additions and improvements to a depreciable asset occur infrequently.
A) Ordinary repairs and maintenance decrease net income.
B) Capital expenditures decrease assets.
C) Ordinary repairs and maintenance are recurring in nature.
D) Additions and improvements to a depreciable asset occur infrequently.
On Jul 27, 2024
B
IL
Answered
Describe the Wheeler-Lea Act of 1938 and name the company and the amount of that company's fine for their 2016 violation of this act.
On Jul 27, 2024
The Wheeler-Lea Act of 1938 amended the Federal Trade Commission Act to give the FTC the additional responsibility of policing "deceptive acts or practices in commerce." In so doing, the FTC tries to protect the public against false or misleading advertising and product misrepresentation. Thus, the Federal Trade Commission Act, as modified by the Wheeler-Lea Act, (1)established the FTC as an independent antitrust agency and (2)made unfair and deceptive sales practices illegal. The FTC is highly active in enforcing the deceptive advertising statutes. In 2016, the FTC fined German automaker Volkswagen $10 billion for ads that falsely claimed that Volkswagen vehicles generated low emissions.
IL
Answered
_____ is the movement of money through an organization over a daily,weekly,monthly,or yearly basis.
A) Expenses trajectory
B) Income trajectory
C) Assets flow
D) Liabilities
E) Cash flow
A) Expenses trajectory
B) Income trajectory
C) Assets flow
D) Liabilities
E) Cash flow
On Jun 28, 2024
E
IL
Answered
Compute the company's return on total assets for Year 2.
A) 9.6%.
B) 15.2%.
C) 2.6%.
D) 22.2%.
E) 14.5%.
A) 9.6%.
B) 15.2%.
C) 2.6%.
D) 22.2%.
E) 14.5%.
On Jun 27, 2024
B
IL
Answered
Investing activities include the cash effects of
A) producing and delivering goods and services.
B) purchasing and disposing of fixed assets used in production of revenue.
C) borrowing and repaying loans used to purchase fixed assets.
D) selling stocks and bonds to raise capital to purchase fixed assets.
A) producing and delivering goods and services.
B) purchasing and disposing of fixed assets used in production of revenue.
C) borrowing and repaying loans used to purchase fixed assets.
D) selling stocks and bonds to raise capital to purchase fixed assets.
On May 29, 2024
B
IL
Answered
Which statement is true?
A) The federal government never intervened in our economy until the 1930s.
B) The federal government intervention in our economy has grown steadily since the time of the Civil War.
C) The federal government has intervened in our economy from time to time throughout our history.
D) None of these statements are true.
A) The federal government never intervened in our economy until the 1930s.
B) The federal government intervention in our economy has grown steadily since the time of the Civil War.
C) The federal government has intervened in our economy from time to time throughout our history.
D) None of these statements are true.
On May 28, 2024
C