Suzanne is not looking for a new job, but she could be persuaded to take one if the right opportunity came along. Suzanne would be considered a passive jobseeker.
Answer the following statement true (T) or false (F)
True
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When short-term interest rates become lower in Tokyo than in New York, interest arbitrage operations will most likely result in a(n)
a. increase in the spot price of the yen. b. increase in the forward price of the dollar. c. sale of dollars in the forward market. d. purchase of yen in the spot market.
When an exchange of similar assets involves a gain,
a. the recorded amount of the new asset is the cost of the old asset plus any cash paid. b. the recorded amount of the new asset is the net book value of the old asset plus any cash paid. c. the recorded amount of the new asset is its fair market value less any cash paid. d. None of these are true.
In order to promote its brand, Lambrotto, an Italian manufacturer of leather shoes, makes a deal with the organizers of an upcoming baseball league. Lambrotto pays the organizers a substantial sum of money to have the brand's banners with its logo and slogans displayed all across the baseball ground and the stadium. Lambrotto engages in this activity to gain maximum visibility. This scenario exemplifies _____.
A. sponsorship B. cross-selling C. lobbying D. vertical integration
Schwiesow Corporation has provided the following information: Cost per UnitCost per PeriodDirect materials$7.05 Direct labor$3.50 Variable manufacturing overhead$1.65 Fixed manufacturing overhead $11,000Sales commissions$1.00 Variable administrative expense$0.40 Fixed selling and administrative expense $5,500 For financial reporting purposes, the total amount of period costs incurred to sell 5,000 units is closest to:
A. $5,500 B. $12,500 C. $7,000 D. $8,300