On a worksheet, the balance sheet debit column total is $1,100 and the credit column total is $1,900. Which of the following statements is correct? a. The company had a net loss of $200. b. The company's revenues were greater than expenses. c. The company had a net income of $200. d. None of the above are correct. Which of the accounting steps in the accounting process below would be completed last? a. posting to ledger b. journalizing c. preparing the financial statements d. preparing the adjusted trial balance What is the impact of increasingly sophisticated IT on the way financial information is gathered, processed, and communicated? What are the career opportunities for those who combine the knowledge of both accounting and AIS and/or computer science?

What is deflation?

How do the shareholders who own a company choose the actual company managers?

What are some ways that someone looking for a loan might reassure a bank that is faced with imperfect information about whether the borrower will repay the loan?

Investors sometimes fear that a high-risk investment is especially likely to have low returns. Is this fear true? Does a high risk mean the return must be low?

How is buying a house to live in a type of financial investment?

Which has a higher average return over time: stocks, bands, or a savings account? Explain your answer.

The Darkroom Windowshade Company has 100,000 shares of stock outstanding. The investors in the firm awn the following numbers of shares: investor 1 has 20,000 shares; investor 2 has 18,000 shares; investor 3 has 15,000 shares; investor 4 has 10,000 shares; investor 5 has 7,000 shares; and investors 6 through 11 have 5,000 shares each. What is the minimum number of investors it would take to vote to change the companys top management? If investors I and 2 agree to vote together, can they be certain of always getting their way in how the company will he run?

Explain how a company can fail when the safeguards that should be in place fail.

If you owned a small firm that had become somewhat established, but you needed a surge of financial capital to cant out a major expansion, would you prefer to raise the funds through borrowing or by issuing stock? Explain your choice.