Question 1

If you mismanage your checking account by bouncing checks repeatedly or ignoring

overdraft notices, which of the following results may happen to you? [Tricky question:

read all answers.]

All companies in the United States must follow Generally Accepted Accounting Principles and must publish financial statements in accordance with those rules. A. True B. False

An investment offers $6,800 per year, with the first payment occurring one year from now. The required return is 7 percent. a. What would the value be today if the payments occurred for 20 years

This information relates to the Cash account in the ledger of Howard Company. Balance September 1-$16,400; Cash deposited-$64,000 Balance September 30-$17,600;

Douglas McGregor observed that all managers tend to share common assumptions about employees. A. True B. False

A local business woman borrows $14,000.00 at $299.70 per month for 62 months, how much total interest will she pay?

A business-level strategy is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage in specific product markets. (A) True (B) False

You found a serious multicollinearity problem in your regression model. It turns out that x1 and x2 are highly correlated to each other. Therefore, you need to drop one of these variables. You also found that the correlation of y and x1 is 0.

Lyndon, a citizen of Maryland, obtains a federal license to operate a commercial fishing boat in a certain area off the Maryland coast. The Maryland state legislature enacts a law that bans all commercial fishing in that area.

Murphy Manufacturing estimated $100,000 in manufacturing overhead and 5,000 direct labor hours for 2016. Actual overhead for the year was $120,000 and 7,500 actual direct labor-hours were used.

Under workers' compensation: a. the employee loses the right to litigation against the employer for covered incidents. b. employee fault controls compensation. c. injuries by fellow employees are not covered. d. none of the above