Having a dependable income is a benefit of being a wage earner.

True

False

High and unexpected inflation has a greater cost a. for those who save than for those who borrow. b. for those who hold a little money than for those who hold a lot of money. c.

Sunset Corp. currently has an EPS of $2.09, and the benchmark PE for the company is 18. Earnings are expected to grow at 6.5 percent per year. Required: a. What is your estimate of the current stock price? b.

You are the production manager of an electronics company and learn from the marketing manager that there is an unexpected high demand for your new product.

An auditor has determined a $10 million materiality level for a client's balance sheet and a $3 million materiality level for the client's income statement.

Use the following appropriate amounts to calculate net income: Revenues, $12,000; Liabilities, $5,000; Expenses, $4,000; Assets, $19,000; Dividends, $4,000A. $6,000. B. $8,000. C. $4,000. D. $14,000

Which incentives do interest groups engage in to overcome the free rider problem? a. special discounts b. subscription to a magazine c. access to special information on the Internet d. All of these are correct

Which of the following items is included in the financing activities section of the statement of cash flows? A. Cash effects of transactions involving making and collecting loans. B.

A rapid build up of inventories normally requires additional financing, unless the increase is matched by an equally large decrease in some other assets. True False

Amy has recently joined a new research institute. She had initially thought that her job would entail a lot of field work, which would allow her to gain some practical experience, but her manager just gives her a lot of paperwork instead.

Mrs. watson believes that all immigrants should go back to the country they came from, and she refuses to hire any for her floral business. this is an example of: