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BD

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Which statement is true?

A) Usury laws hurt borrowers by forcing them to pay very high interest rates.
B) Usury laws hurt borrowers by preventing them from getting loans,albeit at higher rates of interest.
C) Usury laws hurt borrowers by making them into lenders.
D) Usury laws do not hurt borrowers.

On Jul 31, 2024


B
BD

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The capital budgeting process involves all of the following except:

A) Having department or plant managers submit new investment proposals.
B) Determining which financial institution to use for financing.
C) Evaluating the submitted proposals.
D) Forming a capital budget committee that includes accounting and finance members.
E) Approving or rejecting new investment proposals.

On Jul 02, 2024


B
BD

Answered

Social judgment competencies described in Mumford et.al.'s skills model are similar to skills in this framework.

A) trait approach
B) management theory
C) emotional intelligence
D) informational power

On Jul 01, 2024


C
BD

Answered

When a manager uses referent power, he or she has the capacity to

A) influence other people using specialized knowledge.
B) influence other people by virtue of formal authority, or the rights of office.
C) punish or withhold positive outcomes as a means of influencing other people.
D) influence other people because of their desire to identify personally with the manager.
E) offer something of value as a means of influencing other people.

On Jun 02, 2024


D
BD

Answered

Grayson's Lumber Mill sold two machines in 2018. The following information pertains to the two machines:  Purchase Useful Salvage  Depreciation  Sales  Machine Cost Date Life Value Method Date Sold Price #1$66,0007/1/145yrs$6,000 Straight-line 7/1/18$15,000#2$50,0007/1/175yrs$5,000 Double-declining- 12/31/18$30,000 balance \begin{array}{cccccccc}&&\text { Purchase}&\text { Useful}&\text { Salvage }&\text { Depreciation } && \text { Sales }\\\text { Machine }&\text {Cost}&\text { Date }&\text {Life}&\text { Value}&\text { Method }&\text {Date Sold}&\text { Price }\\\hline\# 1 &\$66,000& 7 / 1 / 14 & 5 \mathrm{yrs} & \$ 6,000 & \text { Straight-line } & 7 / 1 / 18 &\$15,000\\\#2& \$ 50,000 & 7 / 1 / 17 & 5 \mathrm{yrs} & \$ 5,000 & \text { Double-declining- } & 12 / 31 / 18&\$30,000 \\&&&&&\text { balance }\\\end{array} Machine #1#2Cost$66,000$50,000 Purchase Date 7/1/147/1/17 UsefulLife5yrs5yrs Salvage  Value$6,000$5,000 Depreciation  Method  Straight-line  Double-declining-  balance Date Sold7/1/1812/31/18 Sales  Price $15,000$30,000 Instructions
(a) Compute the depreciation on each machine to the date of disposal.
(b) Prepare the journal entries in 2018 to record 2018 depreciation and the sale of each machine.

On Jun 01, 2024


BD

Answered

What is an antiglobal consumer?

On May 03, 2024


A large-scale study with consumers in 41 countries identified the characteristics people associate with global brands, and it also measured the relative importance of those dimensions when consumers buy products. The researchers grouped consumers who evaluate global brands in the same way. They identified four major segments.
Antiglobals are the thirteen percent of consumers who are skeptical that transnational companies deliver higher-quality goods. They dislike brands that preach American values, and they don't trust global companies to behave responsibly. They try to avoid doing business with transnational firms.
BD

Answered

Accounting metrics, such as operating income, make business decision-making processes more complex.

On May 02, 2024


False
BD

Answered

Danny's Dog Delivery has total assets of $975, sales of $989, net profit after taxes of $56, and operating income of $576. Which of the following is the return on assets ratio for this business?

A) 0.057
B) 0.591
C) 0.986
D) 1.01

On Apr 30, 2024


A
BD

Answered

The Federal Aviation Administration posts monthly percentage on-time arrival data for all the major airlines on its website. Some airlines are regularly on the top of the list, while others are frequently on the bottom of the list. What type of service gap does this list illustrate? What can airlines on the bottom of the list do to address this gap?

On Apr 29, 2024


The list illustrates a delivery gap; the difference between the firm's service standards and the actual service it provides to customers. To reduce delivery gaps, firms can empower employees, allowing passenger handling staff greater latitude in making decisions regarding loading the plane, or allowing pilots to adjust routes and speed to meet arrival times. Technology can be used to predict frequent bottlenecks at various airports and adjust schedules to reflect realistic arrival times.