Question

True or False:

True or False: If you do not pay your student loans, your wages may be garnished.

   True or False: The only goal of inventory management is to never suffer a stock-out (i.e., runs out of a product).

True or False: You will pay less FICA taxes if you have more dependents.

True or False: Actions which increase cash flow will always increase net income.

True or False: it is a good idea to purchase an extended warranty from the car dealer.

True or False: Car dealers will offer a good financing deal, even if your FICO score is relatively low.

True or False: An increase in sales will result in an increase in fixed expenses

True or False: If you extend the repayment period on a loan, you will pay more interest over the life of the loan.

True or False: The first step in the budget process is to make a sales revenue forecast.

True or False: An increase in unit sales volume will usually result in an increase in the costs of goods sold.

True or False: An increase in sales will result in an increase in variable costs per unit   

True or False: it is better to tell the dealer how much you can afford to pay monthly before you negotiate the sales price.

True or False: A floating rate mortgage is riskier than a fixed-rate mortgage.

True or False: Unsecured creditors have priority over preferred shareholders in bankruptcy.

True or False: A co-signer on a loan will only be required to pay if the primary borrower declares bankruptcy.

True or False: If you lend money to a friend, you will only be able to enforce repayment if there is a written loan agreement (promissory note).

True or False: If you increase your insurance deductible, your insurance premium will decrease.

True or False: Having a good FICO score could result in a smaller fine for a traffic violation.

True or False: Having a good FICO score could make it easier to get an apartment to rent.

True or False: The cost of an oven is a current asset on the Balance Sheet of a restaurant.

True or False: Social security payments are a type of annuity.

True or False: Advertising is a variable cost because the amount can be changed.

True or False: Budgets are intended to facilitate communications within an organization.

True or False: A decrease in interest expense will increase the company’s gross margin %.

Answer 1

True; the wages can be garnished if we dont pay the student loans

False:The only goal of inventory management is to never suffer a stock-out (i.e., runs out of a product).

The inventory management has some other responsibilities as well.

You will pay less FICA taxes if you have more dependents.:True

Actions which increase cash flow will always increase net income.

True : it is a good idea to purchase an extended warranty from the car dealer.

False: Car dealers will offer a good financing deal, even if your FICO score is relatively low.

False: An increase in sales will result in an increase in fixed expenses

True : If you extend the repayment period on a loan, you will pay more interest over the life of the loan.

False: The first step in the budget process is to make a sales revenue forecast.

True : An increase in unit sales volume will usually result in an increase in the costs of goods sold.

True ; An increase in sales will result in an increase in variable costs per unit   

True : it is better to tell the dealer how much you can afford to pay monthly before you negotiate the sales price.

True: A floating rate mortgage is riskier than a fixed-rate mortgage.

True : Unsecured creditors have priority over preferred shareholders in bankruptcy.

True : A co-signer on a loan will only be required to pay if the primary borrower declares bankruptcy.

True: If you lend money to a friend, you will only be able to enforce repayment if there is a written loan agreement (promissory note).

True : If you increase your insurance deductible, your insurance premium will decrease.

False: Having a good FICO score could result in a smaller fine for a traffic violation.

True : Having a good FICO score could make it easier to get an apartment to rent.

False: The cost of an oven is a current asset on the Balance Sheet of a restaurant.

False: Social security payments are a type of annuity.

True:advertising cost because the amount can be changed.

False: Budgets are intended to facilitate communications within an organization.

False: A decrease in interest expense will increase the company’s gross margin %.