Assume that the weekly payroll of Off the Runway Boutique is $ 390. December 31, end of the year, falls on Tuesday, and Off the Runway will pay its employee on Friday for the full week. What adjusting entry will Off the Runway make on Tuesday, December 31? (Use five days as a full workweek.

In the context of your career choice, your own business skills cannot influence the level of your personal financial success. a. true b. false

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.