Which of the following would most likely lead to a company initiating a price increase?
A) weakened economy
B) possession of outdated merchandise
C) excess capacity
D) over-demand
E) possession of defective merchandise
D
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Meat Packers Inc. offers its securities for sale only in a single state. The law in this state is like the law in most states. Thus, the company’s offer is subject to the state’s securities statutes, which are likely to include
A. antifraud provisions. B. registration provisions. C. disclosure requirements. D. all of the choices.
Which of the following statements is true regarding the treatment of leases on the financial statements?
a. U.S. GAAP prohibits the presentation of leases on the financial statements since they are off-balance sheet transactions. b. U.S. GAAP criteria for lease capitalization are less strict than IFRS. c. The criteria concerning whether a lease is a capital lease are very different for IFRS and U.S. GAAP. d. The criteria required for lease capitalization under IFRS are considered more like guidelines rather than strict rules.
What does the E-SIGN Act provide?
A) Electronically signed contracts cannot be denied effect because they are in electronic form. B) Electronic records can be sent to consumers who make purchases, without their specific consent to receiving the record. C) It defines which technologies should be used to create a legally binding signature in cyberspace. D) Only smart card verification creates a legally binding signature in cyberspace.
All of the following are associated with the volume variance except:
A. It is considered outside the control of the product manager. B. The volume variance is based solely on fixed overhead. C. Failing to meet expected production results from lower customer demand. D. It results from operating at a different capacity than predicted. E. It is considered to be under management's control.