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The CEO of High Tech International decides to change an accounting method at the end of the current year. The change results in reported profits increas¬ing by 5%, but the company's cash flows are not changed. If capital markets are efficient, then:
a. The stock price will increase due to higher profits.b. The stock price will not be affected by the accounting change.c. The stock price will decrease because accounting method changes are not permitted under generally accepted accounting principles.d. The stock price will increase only if the accounting change will also result in higher profits in the next year.
Discuss how the history and evolution of travel has engendered the tourism industry (ii) Define the terms a. Hospitality b. Tourism (iii) and elaborate on five purposes for travelling
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Summarize in your own words what the textbook (Robert S. Feldman) says about one of the following topics: forming loving relationships, choosing a career, or having children. Be sure to integrate a Christian perspective into your posting.
Company A reports sales of $100,000 and net income of $15,000. Company B reports sales of $100,000 and net income of $10,000. Therefore:
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