If the Treasury yield curve were downward sloping, the yield to maturity on a 10-year Treasury coupon bond would be higher than that on a 1-year T-bill.
Answer the following statement true (T) or false (F)
False
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All of the following are reasons for a company to repurchase its previously issued stock, except:
a. to support the market price of the stock b. to resell to employees c. to increase the shares outstanding d. for bonuses to employees
The accounting projects portion of the FASB's conceptual framework project deals with
A) which accounting elements should be reported and how they should be measured B) which accounting elements should be reported and where the information should be reported C) how the accounting elements should be measured and how information should be displayed in financial reports D) when accounting elements should be recognized and how information should be displayed in financial reports
Spire Ridge Company produces bells. Fixed costs are $800,000 . Variable costs per bell are $60.00 . and each bell sells for $100.00 . The company' sales budget calls for sales of 24,00 . units. At the budgeted level of sales, what is the margin of safety ratio?
a. 20.0% b. 16.7% c. 44.4% d. 33.3%
Which of the following statements is true about responsibility accounting?
a. A profit center should be responsible for revenues only. b. Managers should be responsible for only those things which are under their control. c. Managers should be responsible for all things related to the organization. d. An investment center should be responsible for costs and revenues.