Horizontal boundaries separate employees by the specialization of their job
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Horizontal boundaries mark the difference between, for example, an ad executive and a member of a creative advertising team. Both may have equal ranks in the organization, but they are separated by what they do.
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Which of the following is not true regarding investments in securities available-for-sale?
a. The unrealized holding gain or holding loss increases or decreases Other Comprehensive Income (a shareholders' equity account). b. The Other Comprehensive Income (a shareholders' equity account) is closed to Accumulated Other Comprehensive Income (another shareholders' equity account) at the end of the period. c. The amortization of any difference between the purchase price and the maturity value of the debt makes interest revenue on these debt securities differ from the cash receipts for debt service payments. d. Accumulated Other Comprehensive Income includes the sum of all increases and decreases in fair value of securities available-for-sale that have not yet appeared in net income. e. Holding gains and losses on securities available-for-sale affect net income every accounting period.
An investment project requires a net investment of $100,000. The project is expected to generate annual net cash inflows of $28,000 for the next 5 years. The firm's cost of capital is 12%. Determine the internal rate of return for the project (to the nearest tenth of one percent)
A) 12.0% B) 12.6% C) 3.6% D) 12.4%