The purchase of store equipment for cash reduces assets and owner's equity by an equal amount.

a. True

b. False

Because the demand curve is downward sloping (i. e., consumers cut back on smoking when cigarette prices go up) the seller is not able to transfer the entire burden of the tax on to the consumers.

For financial managers to be socially responsible, it is necessary that they: a. decrease the market price of the company's stock. b. minimize shareholder value. c. make a long-term commitment to the needs of stakeholders. d.

Either ferrari or maserati does not make economy cars.

For the year ended December 31, Depot Max's cost of goods sold was $56,900. Inventory at the beginning of the year was $6,540. Ending inventory was $7,250. Depot Max's number of days' sales in inventory is closest to a. 42 b. 46 c. 8 d. 44

When asking questions during criticism it is best to be

After earning $50 million in net income, Marshall Manufacturing distributed $15 million in dividends to their stockholders. Marshall's board of directors decided to invest the remaining $35 million back into the business.

Which financial decision is this: Radford is a small company that manufactures automobile bearings. Managers at the company must make decisions on the kind and the cost of equipment to buy.

LinkedIn is an example of a (n). app?

If the market equilibrium wage for entry-level fast-food workers is $10 an hour, while the minimum wage is $8, what impact does the minimum wage have in this industry? a. The minimum wage motivates more fast-food workers to seek jobs. b.

Early in your first term as President of the United States you faced an economy in the beginnings of a recession. Which of the following would represent an example of a fiscal policy you might suggest to deal with this situation? A.