A mastery of _____________________ is an advantage to any professional person of any nationality

a. all forms of English
b. standard written English
c. personal communication skills
d. business etiquette


b

Business

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Univariate bankruptcy prediction models help identify factors related to bankruptcy, but they do not provide information about

a. specific ratios that are important. b. the amount of Type I and Type II errors. c. which specific company will go bankrupt. d. the relative importance of individual financial statement ratios.

Business

On December 1, 20X8, Hedge Company entered into a 60-day speculative forward contract to sell 200,000 British pounds (£) at a forward rate of £1 = $1.78. On the same day it purchased a 60-day speculative forward contract to buy 100,000 euros (€) at a forward rate of €1 = $1.42.The rates are as follows:    Forward Rate for   Forward Rate forDateSpot Rate Feb 1 Spot Rate Feb 1December 1, 20X8£1=$1.76  $1.78  €1=$1.40  $1.42 December 31, 20X8£1= 1.73   1.74  €1= 1.38   1.40 February 1, 20X9£1= 1.75      €1= 1.41     Hedge had no other speculation transactions in 20X8 and 20X9. Ignore taxes.Based on the preceding information, what is the net gain or loss on the euro speculative contract?

A. $6,000 gain B. $3,000 loss C. $8,000 gain D. $1,000 loss

Business

A firm's internal business environment does NOT include ________

A) its employees B) its corporate culture C) its products D) its technologies E) elements of the legal environment

Business

Under a perpetual inventory system

A) accounting records continuously disclose the amount of inventory B) increases in inventory resulting from purchases are debited to Purchases C) there is no need for a year-end physical count D) the purchase returns and allowances account is credited when goods are returned to vendors

Business