false. O d. Benefit corporations. When par value common stock is issued at a premium, the journal entry shows a debit to both common stock, par value and paid-in capital in excess of par, 13 The features small stock dividends, large stock dividends, large stock dividends and stock splits all show decreases in retained earnings, 14 The features small stock dividends, large stock dividends, large stock dividends and stock splits are similar in that all three are documented with journal entries, 15. 2. incurred before the product has become defective. 1. S1-Shareholders elect board of directors which appoints the management of the corporation. Which of the following is not true of float management? Shareholder wealth is the market value of a firm's common stock. - Do all of these. In the functional structure, departments perform separate business functions such as marketing or manufacturing. c. it might need more capital in order to finance growth. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Managing quality costs to achieve the highest level of customer satisfaction is known as: A) activity based costing. d. Internal growth. A corporation can live on forever - even if the owner leaves, dies or sells the company. Click the card to flip 1 / 10 Flashcards Learn Test Created by skcoop11 Teacher d. Ensuring reliable accounting. b. Differentiation. Pleasesubmitanew, A: Treasury stock:These are the stocks that are brought back by the company in order to reduce, A: Stockholders equity: b. the concept from the chapter of Porters book that refers to the overriding importance of strategy to firm success, c. a legal filing necessary for a merger or acquisition to be completed, d. a legal filing necessary for an IPO to occur, e. a legal filing that allows a firm to reorganize while it solves its financial problems, a legal filing that allows a firm to reorganize while it solves its financial problems. One of his vendors regularly takes George to lunch and golf outings, and treats him to expensive vacations. B. compare. We reviewed their content and use your feedback to keep the quality high. Date of declaration, date of record and date of payment all involve prepaing journal entries, 12. e. one-person businesses, like barbershops . c. report the client to the state licensure board. Question 1 options: A. a. must accept all counselors who apply to be added to their list of providers of health care services. a. b. Which statement is not correct about the business-society interdependence? C) strategic management. Examples of non-controllable costs for the business include: taxes, interest, costs mandated in the fulf. All of the following statements true, EXCEPT a. employers cannot, 1. c. waiving the co-payment when a co-payment is required. Financial managers can work for which of the following industries? Legal C. Limited liability. Explain it briefly b, The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment Cash Inflow 1 $66,000 $5,000 2 $6,000 $10,000 3 $20,000 4 $17,000 5 $20,000 6 $18,000 7 $16,000 8 $14,000, Use the following information for the next two problems. D) sponsorship., When Interstate Batteries receives a positive news story about its involvement with NASCAR, it is an example of a(n): A) sports involvement. Its European division EuroBiz (EB) has recently reported the following information to you at WorldBiz's head office. Legal responsibilities c. Core practices d. Familial responsibilities e. Strategic philanthropy, 2. b)Used to determine exactly who will receive dividends. The financial manager refers to anyone responsible for the corporation's financing and __________ decisions. to reissue as bonuses to employees. legal and stated capital. Almost all managers do not beat the market after fees. The benefits of debt to the corporation include all of the following EXCEPT. All of the following statements are true, EXCEPT. This E-mail is already registered as a Premium Member with us. d. are subject to moral ha. E) tariffs. Different types of small business ownership opportunities include all of the following except Answer the following question. You have been hired as a consultant by Feludi Inc.'s CFO, who wants you to help her estimate the cost of capital. C) Investors become more difficult ; c. Focus. Both statements are false b. b. refusing to carry out a directive of a police officer who is investigating a crime at your place of work.. c. refusing to carry out a directive of your co-worker who has seniority. D) total quality management. B legal costs incident to the creation of the corporation. C. the majority of acquisitions increase long-term value for the acquiring firm. B. dividends. The cost of an activity to detect, measure or evaluate. Purchase a truck and sign a note payable, $14,000. 2003-2023 Chegg Inc. All rights reserved. You have been provided with the following data: rRF = 4.10%; RPM = 5.25%; and b = 1.30. false WebStudy with Quizlet and memorize flashcards containing terms like All of the following statements are correct EXCEPT: Business includes nonprofit organizations that provide services to the public. The Defense Contract Audit Ag, The controller in a hospital is usually responsible for which of the following activities? Suppose all plant and division managers were paid only a fixed salary no other incentives or bonuses. D. Obtai. 1. Document which formally creates a corporation Webcompetition. 1. C)When cash is actually paid to the shareholders. WebStudy with Quizlet and memorize flashcards containing terms like 31. c. a pluralistic society. Successful businesses seek to meet their social and ethical responsibilities. 1. Under the plan, the company's CEO and CFO, Which of the following statement about value of control is true? A private corporation in which capital comes from fees paid by individuals composing it and whose owners are called members is a WebQuestion 2 1 out of 1 points Problems with corporations include all of the following EXCEPT Selected Answer: the personal assets of owners are at risk. A business organization that classifies partners as general or limited is called a: Permanence means that a corporation, in principle, can: Which of the following can result when enough shareholders take the "Wall Street Walk"? d. form a corporation, because it is the only way to protect your personal assets. B. A fiduciary duty is owed by whom? C. Difficult-to-audit transactions. A)On which the board of directors of a corporation decides that a dividend will be paid. d. have to accept counselors as providers of mental health services if the counselors are licensed by their state. HR One method of decreasing the cash outflows of a firm is to ___. WebSpecialized forms of corporations include all of the following except. A successful bankruptcy filing requires all of the following characteristics except _____. Examples of support departments include all of the O shareholders receive required annual dividends. a. Study with Quizlet and memorize flashcards containing terms like ________ is a set of managerial decisions and actions that help managers determine long-run performance of an organization., All of the following statements are true about strategic management EXCEPT ________., The Phases of Strategic Management include all of According to the United State Small Business Administration, the percentages of business that fail are. Clearinghouse officials establish a settlement price; each account is marked to market; accounts of those holding long/short positions are credited/debited appropriately; differe. 1. 1 Investing activities include all except issuing and repaying debt Issuing an . This E-mail is already registered with us. c. when disputes arise between employer and employees, the law generally favors the employer. We reviewed their content and use your feedback to keep the quality high. (c) The number of directors. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. information concerning the health of the company. Webb. A preferred provider organization (PPO). All answers are correct. a letter from the CEO. D) import/export restrictions. 15. The claims of owners on a companys resources, after the liabilities are paid, A: The companies which are registered on a stock exchange are known as publicly traded companies. true d. Business provides goods b. realization. Which of the following behaviors would constitute insubordination? Hospitals and universities. The city has expenditures of $18,000,000 per quarter but does not want to deposit $18,000,000 in its checking account at the beginning of the quarter then simply draw on it as the quarter progresses. The statement of partnership equity shows all of the following except. d. Excess over par refers to the amount of shareholders equity in excess of the total par value of the preference shares and ordinary shares issued by the corporation. True or false: Profit maximization in the short run does not guarantee long-term profit or value added. WebThis problem has been solved! Our experts can answer your tough homework and study questions. A. Your independent Southeast Asian agent requests that you reimburse the customer for his expenses, After a recent meeting of the senior management team, it was decided to use the following metrics to measure performance. O b. Administration costs allocated to: Housekeeping $2,000 Finance $1,000 Medicine $4,000 Surgery $5,000 Pharmacy $2,000 Housekeeping costs allocated to: Finance $1,000 Medicine $4,500 Surgery $8,000 Phar, Review the characteristic of an effective system of internal control. In any partnership, every partner has the same rights, privileges, a. high business growth rates and low relative market share, b. high business growth rates and high relative market share, c. high relative market share and low business growth rate, d. low relative market share and low business growth rate, e. those units that should be sold, high business growth rates and high relative market share. Difficulty of raising capital. 9. Employees are almost always identified by corporations as critical stakeholders. c. a built-in set of checks and balances. 1 Diversification initiatives include all of the following except ___________________. Answer: D) All of these are differences between the two types of businesses. c. over 10% fail in the first year, and 25% fail within the first 5 years. d. forget the bill and take steps in the future to prevent these bills from developing. Web3. The greatest benefits of the acquisition typically go to _____. e. the type of health care provider they prefer under state authorized health care plans. 1. All of the following statements are true, EXCEPT a. employers cannot force employees to take actions that are illegal. a) institutional ) b) consumer c) reseller d) ) governmental e) producer. WebThe following are characteristics shared by both for-profit and not-for-profit corporations EXCEPT _____. Confirming accounts payable. Study with Quizlet and memorize flashcards containing terms like Performance appraisal is the process by which organizations A. select the best applicants to hire B. review applications for employment C. evaluate employee performance D. determine individual health and safety benefits E. attempt to decertify unions, Performance data ages quicklyc. a. over 5% fail in the first year, and 15% fail within the first 5 years. Financial managers increase value by accepting all investment projects that earn __________ than the opportunity cost of capital. 1. Ashley, Incorporated is a corporation. It is an obligation to pay, but the spender has some control over its amount. Web1. e. reporting that an approved professional is providing direct services to a client when the services actually are being provided by a counselor who is not approved. a. the managers of the acquiring firm, b. the shareholders of the acquiring firm, e. investment bankers arranging the acquisition. Issues involved regarding how a board of directors can be established so as to be most effective include: a. Which of the following items should an auditor communicate to those charged with governance in a publicly-traded company? a. employers cannot force employees to take actions that are illegal. b. attracting and retraining competent managers, c. improvement in R&D capabilities, e. better relations with special interest groups such as environmentalists. Successful firms in a given industry _____. Assets purchased directly from a vendor. Financial Reporting, Financial Statement Analysis Intermediate Accounting: Reporting And Analysis. B) quality costing. Shareholders cannot be held personally responsible for the corporation's debt because the shareholders have: The job of financial analysts may include which of the following? other. Supplying credit information c. Collection of deposits d. Handling of dividend payments, Marketing stimuli consist of the four Ps. Retained earnings and legal capital. e. pay a bill collector to collect the money due. When the market price approach is used to set a transfer price Should th, Procedures an auditor should perform to test the control activities related to the occurrence assertion would include all of the following, except: A. observe proper segregation of duties. Please submit a new question, A: Earnings per Share ( EPS): D. Centralized management. following except: Examples of businesses include all of the following except O a. local supermarkets. Audit of management forecasts. b. threaten the client with a law suit if payment is not made. Independent project teams. WebWhich of the following is not a taxable corporation? One of the primary disadvantages of the sole proprietorship is: losses all go to the owner. WebStudy with Quizlet and memorize flashcards containing terms like Public corporations are required by law or regulation to perform all of the following except:, The board of directors' primary functions include all of the following except:, Shown below is information relating to the stockholders' equity of Grant Corporation at December 31, 2018: 6% cumulative Separation between ownership and management. false centers. Organization expenses include all of the following except A sliding scale in counseling refers to. e. management must answer to outside shareholders. I. c. outsourcing unprofitable activities, e. increased advertising to increase sales, b. cutting input expenses in a given unit, c. reducing the number of top managers in an organization, d. cutting output expenses (transportation of products) in a given unit, e. reducing the diversification of the firm by selling of units, reducing the diversification of the firm by selling of units. A. Examine the role of management as it relates to finance in a corporation. Include at least one non-financial measure, In business, there is a tension between the principals (stockholders) and agents (managers). joint ventures shareholder development mergers and acquisitions strategic alliances 2. d. sales revenue. Retrenchment in a decline situation involves all of the following except _____. Disadvantages associated with corporations include: Capital budgeting decisions may involve both tangible and __________ assets. Considerations relating to assessment of going concern and management's consultation with other accountants about significant acco, The inventory order quantity that minimizes total holding and ordering costs is which of the following? Management has decided to save $1.1 million a quarter for this purpose. Proceeds from collecting accounts receivable that arise from customer sales Payments to buy intangible assets. Assume you set up a sole proprietorship and your lawyer tells you that as the owner, you could stand to lose your personal wealth The functional structure is the simplest of organizations. A (n) ________ includes the processes, structures, and relationships through which decisions are. Expensive premiums that are frequently paid to acquire a business. a. setting the direction of the entire organization, b. selecting in which business to compete, c. using tactics for diversification, d. managing corporate resources and capabilities, e. establishing a marketing budget, a. virtually all of a firms resource investments in a single business area, b. diversification that stems from common markets, functions served, markets or technologies, c. diversification that is not based on commonality among the activities of a corporation, d. reducing the firms business definition combined with refocusing on things that the firm does well, e. involvement in multiple stages of the industry supply chain, virtually all of a firms resource investments in a single business area. shares of stock can be purchased in small amounts. a. legal fees. The traditional project process includes all of the following except: A. Operations Management questions and answers. D. Government regulation and increased paperwork. a. domestic corporation. c. are encountered whenever a firm fails to pay a dividend. Organizational expenditures include all of the following except for A) costs incurred when issuing stock. Question: The three (3) traditional business forms include all of the following, except? If the rate of return on an investment project is greater than the stockholder could earn on their own, should the financial manager accept or reject the investment? Business growth rate and relative market share, b. d. a total partnership capital account. WebStudy with Quizlet and memorize flashcards containing terms like 1. The "corridor principle" is best described by which of the following statements? A trust C. A loan D. A savings account E. None of these, The following situations suggest a strength or a weakness in internal control. WebFinance questions and answers. WebVerified answer. Indirect costs related to being financially, The criteria used to allocate fixed cost to a department include: a. relative benefits b. ability to bear c. equity d. all the above, Which of the following correctly orders the process of daily settlement? Employees are stakeholders external to the corporation and their relationship gives rise to many ethical issues. If you believe your supervisor at your work setting is forcing you to act in what you consider to be an unethical manner, you should. An objective of float management is to speed up the collection float. b. - Link people to information about people. non-stock corporation c. One statement is true, and the other one is false. 2. The Boston Consulting Group matrix is based on which two factors? It is, A: Answer Which of the following would not be classified as a capital expenditure for decision-making purposes? c. focusing on a single industry which results in too much knowledge about that single industry . ownership interests are transferable. dividends. fringe benefits. B) corporate agenda. Interest and dividends received. The projects are risk-free and have the following cash flows: Xia plans to invest any unused cash today at the risk-free interest rate of 9.2 \% 9.2%. C. Reading the minutes of directors' meetings. 6. If a periodic physical inventory of property, plant, and equipm, Which one of the following managers is most likely in charge of establishing the accounts receivable policy? and more. James M. Wahlen, Stephen P. Baginski, Mark Bradshaw, James M. Wahlen, Jefferson P. Jones, Donald Pagach, 1. d. an allocation of cost, In addition to direct costs, there are other costs associated with new security offerings.These other costs include all of the following except: A)the cost of incentives such as the "Green Shoe" option B)the cost of overpricing C)the cost of stock price d. For publicly-held companies, which of the following is integrated into the audit of financial statements? b. WebThis problem has been solved! Strengths of pluralism include all of the following except. Cost center manager c. Profit center manager d. Revenue center manager. 2. the general rights of common shareholders includes the preemptive right Business provides goods and services necessary to an economic Social responsibility is. d. A corporation protects owner's personal assets. For a core competence to be a viable basis for the corporation strengthening a new business unit, there are. b. a system of rotation that determines when a counselor is on call for the weekend. WebStudy with Quizlet and memorize flashcards containing terms like 25. WebStudy with Quizlet and memorize flashcards containing terms like Interstate Batteries' involvement with NASCAR is an example of: A) involvement. Multiple Choice The limited liability company The corporation The sole proprietorship The general partnership. their total investment amounted to P300,000 and they did not bother to register their business with the DTI, and the SEC B. Pedro, Juan, and Luna, all certified 20% b. The three (3) traditional business forms include all of the following, except? true Who might conduct monitoring activities? personnel handbook. How the firm raises the money required for its investments and operations is known as the: A firm that raises money by selling shares of stock is participating in what type of financing? How would tying the managers' compensation to EVA alleviate thes, Besides sales and expenses, identify five other important control measures for a business. Do you agree? S Corporations can only have one class of stock. opportunity costs. Webhelping the firm overcome any instability in industry. WebProblem. WebAnswer 1: A movie production division Explanation: Many corporations allocate support department costs to profit centers. Freedom of choice legislation allows health care consumers to choose. Get access to this video and our entire Q&A library, Cost of Capital: Flotation Cost, NPV & Internal Equity. - Assist in career development. WebThe major advantages of long-term debt include all the following except: A)decrease in financial risk B)relatively low, explicit after-tax cost C)owners are able to maintain control D)increased earnings per share through using financial leverage; The term "financial distress costs" includes which of the following? true. 1. Only a small percentage of family-owned businesses survive into the B. Segregation of duties for the property management process should include all of the following, except: A. One of the largest disadvantages of developing a general partnership is the fact that all individuals are liable together for the decisions, debts, and obligations of the partnership. Match each corporate characteristic 1 through 8 with the description that best relates to, A: Disclaimer: purchases and sales of another company's stock. Finance BUSN Chapter 16 RC government grants Click the card to flip The primary sources of funds available to a business include all of the following except a. debt capital. The disadvantages of a partnership include. It is a slow means to enter new WebStudy with Quizlet and memorize flashcards containing terms like Expertise location systems are designed to (- Provide support for teams and communities of practice. false A start up firm. b. are available to 99% of the population. d. fees paid to the state of incorporation. WebStudy with Quizlet and memorize flashcards containing terms like Mass communication and high technology have _______ in diverse cultures worldwide., In an industry that is, or is rapidly becoming global, the riskiest possible posture is to, Organizations that conduct business operations across national borders are called and more. a. refusing to carry out a directive of a psychiatrist who works for a different company. The Role of Financial Management in a Firm. B) a growing recognition of an international managerial perspective. Making financing decisions includes all of the following EXCEPT O deciding which individual short-term sources are best at a given point in time. Describe the agency problems that would appear in capital investment decisions. Forces that undermine synergies include all of the following except _____. a. A. WebStudy with Quizlet and memorize flashcards containing terms like Trends for the next decade include all of the following except: A. liquidity. Equal The IMA has a code of conduct for mana, Managers' actions are monitored by: A) The board of directors B) Commercial banks that have loaned funds to the firm C) The Wall Street analysts D) All of the above. Both statements are false In the event a counselor has a client with a large bill for services that is several months late, the counselor should. Include the following in your review: A) Identify two things an organisation can do to make it harder for a cashier to steal from the business and hide the theft. None of these will reduce the amount of capital returned to the investors. b. should always choose a diagnosis that is reimbursable by the health care organization. c. A corporation is registered with the California Secretary of State. If, A: Company needs various type of sources in order to raise finance for the business. Which of the following is NOT one of these? A firm invests in a money losing merger. Direct bankruptcy costs II. c) Retained earnings. Multiple Choice The limited liability company The corporation The sole proprietorship The general partnership. 8. in recording a small stock dividend, retained earnings is debited while in recording a large stock dividend, retained, The date of record is the date: b) assurance that division managers individually approve every transaction that affects their, Flotation costs: a. include the fees paid to the investment bankers, lawyers, and accountants involved in selling a new security issue. O deciding which individual long-term sources are best at a given point in time. One of the disadvantages of incorporating your business is that you could become subject to the firm's liabilities in the event of bankruptcy. b. over 50% fail in the first year, and 95% fail within the first 5 years. a. breaking up the dominant logic of the organization so that new approaches are attempted, b. breaking up the mental models of the organization so that new approaches are attempted, c. focusing on the transaction cost economics so that large segments of those costs are reduced, d. breaking the organization structure into different units so that the strategic business units formed are more efficient, e. spinning off units into new public corporations, spinning off units into new public corporations. Voluntary practices b. Cash management b. c. State ownership. There can be many cultural issues that can doom an otherwise promising acquisition. d. a fee structure based on the net worth of the individual. a. a chart that indicates the degree to which a client is functioning. Stars in a BCG grid represent _____. WebExamples of agency problems for a corporation include all of the following except: overtime hours worked by salaried management Hillary Rotteneggs wishes to form a company that will specialize in toxic waste removal and storage. A. electing a You were given the following exam results: 79, 64, 84, 82, 92, and 77 (percent correct). c. purchase liability, property damage, or other types of insurance. Examples of agency problems for a corporation include all of the following except: A firm leases a small jet for use of the custodial staff. George might have difficulty in which area of ethical concern? Float management involves controlling the collection and disbursement of cash. 5. A. ownership interests are transferable. 11. The benefits associated with synergy are greatest when _____. Question: The advantages of owning a corporation include all of the following except: The advantages of owning a corporation include all of the following except: 1) Additional taxes. Non-financial factors should routinely be considered when trying WebStudy with Quizlet and memorize flashcards containing terms like Ch 1, 16. b. information concerning the health of the company. Question: Portfolio income includes all of the following EXCEPT: Royalties not derived in the ordinary course of a trade or business.
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