Of the Factors Listed Below, the Strongest Predictor of a Person's

question 101

Multiple Choice

Of the factors listed below, the strongest predictor of a person's happiness is ____.

• A) one's income (relative to the average income for his/her demographic)
• B) the number of blood relatives with whom a person regularly communicates
• C) one's level of physical health
• D) how happy the person was 10 years earlier

Understand the implications of NSF checks and bank service charges on cash management.

Calculate and interpret the Days' Cash on Hand ratio.

Understand the establishment and replenishment of a petty cash fund.

Recognize the importance of maintaining a minimum cash balance (compensating balances).

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Definitions:

Capital Account

A financial statement that shows the changes in a company’s equity throughout a period, from investments, withdrawals, and net income.

Recording a Bonus

The process of documenting an additional compensation given to employees or stakeholders, over and above their regular earnings.

New Partner

An individual who joins an existing partnership, bringing in fresh capital or skills and sharing in the business's profits and losses.

Historic Cost

The original monetary value of an asset or transaction at the time it occurred, without adjustments for inflation or other factors.