In the United States, insider trading is considered
A) unethical, but not illegal.
B) neither unethical nor illegal.
C) both unethical and illegal.
D) illegal, but not unethical.
C
You might also like to view...
The two-factor theory suggests that there is no limit to the optimal number of repetitions for a message
Indicate whether the statement is true or false
In _______, price should be set in relation to a market offering's value
a. cost-plus pricing b. competition-based pricing c. value-based pricing d. skimming pricing
By permitting pre-issuance and post-grant challenges within the U.S. Patent and Trademark Office (PTO), the law attempts to have disputes resolved within the PTO before reaching the litigation stage.
Answer the following statement true (T) or false (F)
Engineworks Co. provides the following fixed budget data for the year:Sales (20,000 units) …………………………….?$600,000Cost of sales:?? Direct materials …………………………….. $200,000? Direct labor …………………………………160,000? Variable overhead …………………………..60,000? Fixed overhead ……………………………..80,000500,000Gross profit …………………………………….?$100,000Operating expenses:?? Fixed ………………………………………..$12,000? Variable …………………………………….40,000 52,000Income from operations ………………………..?$ 48,000The company's actual activity for the year follows:??Sales (21,000 units)
…………………………….?$651,000Cost of goods sold:?? Direct materials …………………………….. $231,000? Direct labor …………………………………168,000? Variable overhead …………………………..73,500? Fixed overhead ……………………………..77,500550,000Gross profit …………………………………….?$101,000Operating expenses:?? Fixed ……………………………………….12,000? Variable …………………………………….39,500 51,500Income from operations ……………………….?$ 49,500Required:Prepare a flexible budget performance report for the year using the contribution margin format. What will be an ideal response?