Blog

“An effective business leader will recognize the social and environmental responsibilities of their business as well as the eventual goal of achieving long-term, sustainable global development.” This statement refers to ________.A. employing an experienced environmental consulting firmB. the advantages of having an audit committeeC. having a diversified and well-experienced board of directorsD. practicing strong corporate governance

You intend to invest four annual payments, starting immediately: $10,000 now, another $10,000 at the end of year 1, $12,000 at the end of year 2, and $15,000 at the end of year 3. How much will you have at the end of year 4 if the fund is always earning 6% compounded annually?A. $53,918.13B. $54,417.52C. $57,685.30D. $57,894.77

What is the formula for accounts receivable turnover?A. net credit sales / average accounts receivableB. total sales / average accounts receivableC. net credit sales / beginning accounts receivableD. net cash sales / ending accounts receivable

An important advantage of a sole proprietorship is that ________.A. it is easier to raise capital under such a structure than under other organizational formsB. it allows for an unlimited life of the businessC. it is relatively easy to createD. Both a and b are correct.

Which section of the statement of cash flows reflects the cash generated from or used by a company’s day-to-day operations?A. investing activitiesB. financing activitiesC. operating activitiesD. noncash activities

The unemployment rate equals ______.A. the number of people unemployed divided by the labor forceB. the number of people seeking work divided by the adult populationC. the number of people unemployed divided by the number of people employed D. the number of people unemployed plus the number of people working part-time divided by the adult population

Donna can invest today in a fund that will guarantee her a 5% return compounded annually for five years. She can invest $1,200 today, $1,400 one year from now, $1,800 two years from now, and $2,100 three years from now. If she can make these investments as scheduled, how much will she have accumulated five years from now?A. $6,878.97B. $7,632.23C. $8,142.52D. $8,799.49

A shareholder is someone who ________.A. sits on the audit committee of a firmB. is an ex-employee of a companyC. profits from the favorable results of a companyD. follows the company for an investment firm

Which method of accounting must be used by publicly traded companies?A. cash basisB. accrual basisC. a hybrid of cash and accrual basisD. modified accelerated basis

In an organization with each of these financial positions, which title is most likely to be associated with a job description that is less of a “hands-on” manager and that engages more in visionary and strategic planning?A. comptroller (or controller)B. treasurerC. vice president of financeD. chief financial officer (CFO)