Who generally has access to intranets?
A) Employees
B) Suppliers
C) Customers
D) Shareholders
E) Dealers
Answer: A
Explanation: A) Employees are able to access confidential information on matters related to the conditions of their employment or materials related to the company business.
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The payback period for evaluating capital investment projects emphasizes:
a. Average after-tax cash inflow divided by average investment. b. Profitability. c. Cost of capital. d. Liquidity. e. Average net income divided by average investment.
Betsy Carter owns a small dry cleaning business. During October, she paid for her family's groceries and her home utility bill using her company's checking account. She records these transactions as Miscellaneous Expenses for her business. Which accounting assumption/principle is Betsy violating?
A. Monetary Unit Assumption B. Economic Entity Assumption C. Historical Cost Principle D. No violation has occurred