Homework Answers
Joint account refers to,
a. The joint bank account set up by the joint venture,
Joint account means a bank account in which two parties will hold the bank account. Law considers both the parties of the joint account as equal owners irrespective of who contributed more and who contributed less.
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28. The term "joint account” refers to a. The joint bank account set up by the...
Sweep account refers to: a. an account that sweeps cash from checking to personal savings. b....
Sweep account refers to: a. an account that sweeps cash from checking to personal savings. b. an account that sweeps zero balance account to an interest bearing account. c. an account that allows the small business owner to sweep funds between personal and business accounts. d. All of these
7) To develop financial goals, one should A) Set several general goals for the short-term B)...
7) To develop financial goals, one should A) Set several general goals for the short-term B) Not worry about whether or not the goals can be achieved based on one's income and life situation C) Identify specific, realistic goals that are measurable, and articulate a time frame and an action plan D) Only set long-term goals after short-term goals have been accomplished E) Focus on intermediate goals first 8) Opportunity cost refers to A) Evaluating different alternatives for financial decisions....
Companies at the fourth stage of developing their global business: A. set up foreign subsidiaries to...
Companies at the fourth stage of developing their global business: A. set up foreign subsidiaries to handle sales in one country. B. operate in one country and sell into others. C. operate an entire line of business in another country. D. have their top executives and core corporate functions located in different countries, Which of the following statements is true of the term quota? A. It refers to a limit on the amount of a specific product that can enter...
Term Answer Description A. Pooled diversification This term refers to the value of a mutual fund...
Term Answer Description A. Pooled diversification This term refers to the value of a mutual fund that is derived by deducting the fund's liabilities from the market value of the shares. Net asset value This is an investment asset usually real estate, bought with the goal of earning periodic income in the form of rent or lease. Tax exempt money fund This fund limits its investments to short-term, tax-exempt municipal securities. D. Automatic reinvestment plan This plan enables an investor...
Which of the following statements holds true for the term, community wage level? a. It refers...
Which of the following statements holds true for the term, community wage level? a. It refers to a structure for determining salary increases that encourages work that is less effective, less efficient, or both. b. It refers to the standard range of wages paid at a location, usually across a city or a region. c. It refers to the salary range a company sets for its employees, independent of the community wage level and wages as set by other, competing...
Bank overdraft refers to: Select one: a. Financial institution’s extension of credit to fulfill businesses long-term...
Bank overdraft refers to: Select one: a. Financial institution’s extension of credit to fulfill businesses long-term needs b. Business borrowing money from shareholders c. Financial institution’s extension of credit to fulfill businesses short-term needs d. Business lending money to shareholders
When Bank A borrows federal funds from Bank B, the Federal Reserve bank increases one of...
When Bank A borrows federal funds from Bank B, the Federal Reserve bank increases one of the banks' accounts on the asset side of the Fed's balance sheet. b) Bank A posts an increase in its asset account, federal funds sold. c) Bank B posts an increase in its asset account, federal funds sold. the Federal Reserve bank increases the deposit account of both Bank A and Bank B. 24) Which of the following is not one of the five...
32. When producing joint products, what are the relevant costs for a decision to sell or process...
32. When producing joint products, what are the relevant costs for a decision to sell or process further? a. Joint costs b. Costs incurred before the splitoff point c. Costs incurred at the splitoff point d. Costs incurred after the splitoff point. 33. Which of the following describes the cost of maintaining warehouse facilities? a. carrying costs. b. set-up costs. c. order costs. d. sunk costs. 34. Which of the following is a method of managing purchasing, production, and sales, by which the...
22 Special post office boxes set up to intercept and speed up accounts and receivable payments...
22 Special post office boxes set up to intercept and speed up accounts and receivable payments a. lockboxes b electronic data interchanges (EDI) c check 21 (check imaging) d employer owned banks (EOB) 23 This type of cash management account is a disbursement account in which the firm maintains a zero balance, transferring funds from another account such as a line of credit only as needed a. current account b marketable securities account czero-balance account d treasury account
A client wants to donate five widgets (set up as inventory items) to a charity. In...
A client wants to donate five widgets (set up as inventory items) to a charity. In the item setup, the cost is $5 and the sales price is $10. Fifty widgets were originally purchased at $6 per widget. What is the effect on the General Ledger when this is recorded on a Sales Receipt? A) Debit COGS $30; credit inventory $30 B) Debit COGS $30; credit inventory $30; debit bank account $50; credit income $50 C) Debit COGS $25; credit...
7) To develop financial goals, one should A) Set several general goals for the short-term B) Not worry about whether or not the goals can be achieved based on one's income and life situation C) Identify specific, realistic goals that are measurable, and articulate a time frame and an action plan D) Only set long-term goals after short-term goals have been accomplished E) Focus on intermediate goals first 8) Opportunity cost refers to A) Evaluating different alternatives for financial decisions....
Term Answer Description A. Pooled diversification This term refers to the value of a mutual fund that is derived by deducting the fund's liabilities from the market value of the shares. Net asset value This is an investment asset usually real estate, bought with the goal of earning periodic income in the form of rent or lease. Tax exempt money fund This fund limits its investments to short-term, tax-exempt municipal securities. D. Automatic reinvestment plan This plan enables an investor...
When Bank A borrows federal funds from Bank B, the Federal Reserve bank increases one of the banks' accounts on the asset side of the Fed's balance sheet. b) Bank A posts an increase in its asset account, federal funds sold. c) Bank B posts an increase in its asset account, federal funds sold. the Federal Reserve bank increases the deposit account of both Bank A and Bank B. 24) Which of the following is not one of the five...
22 Special post office boxes set up to intercept and speed up accounts and receivable payments a. lockboxes b electronic data interchanges (EDI) c check 21 (check imaging) d employer owned banks (EOB) 23 This type of cash management account is a disbursement account in which the firm maintains a zero balance, transferring funds from another account such as a line of credit only as needed a. current account b marketable securities account czero-balance account d treasury account
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