Authorization for a cash disbursement occurs in the cash disbursement department upon receipt of the supplier's invoice
Indicate whether the statement is true or false
F
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Managers often ignore base rates in favor of how well a particular example matches their expectation. ______can overrule the logic of probability.
A. Availability B. Representativeness C. Adjusting D. Heuristics
What does Regulation A under the Securities Act of 1933 provide?
A) That tombstone ads can be placed during the waiting period B) Exemption of certain types of securities from registration C) Exemption of certain securities transactions from registration D) A simplified registration for some securities offerings under a certain dollar amount E) State regulation in place of federal regulation for certain small offerings
When two creditors have a security interest in the same collateral, which party takes priority?
a. The first unperfected party to attach b. A party with an unperfected interest c. A party with a perfected interest d. The first perfected party to sue
Sperle Corporation has provided the following data concerning its stockholders' equity accounts: Year 2Year 1Stockholders' equity: Common stock, $5 par value$400,000 $400,000 Additional paid-in capital 60,000 60,000 Retained earnings 654,000 630,000 Total stockholders' equity$1,114,000 $1,090,000 Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share.The company's dividend payout ratio for Year 2 is closest to:
A. 21.1% B. 2.6% C. 1.6% D. 14.7%