The optimum number of choices for the top level of a voice response unit (VRU) menu is ____ options.
A. 3
B. 4
C. 5
D. It depends on the types of calls.
Answer: B
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Western Auto Inc. pays a $1.77 preferred dividend every quarter and will maintain this policy forever. What price should you pay for one share of preferred stock if you want an annual return of 9.25% on your investment?
A) $66.54 B) $70.54 C) $74.54 D) $76.54
Which of the following is an earmarked tax?
A. A tax imposed on the purchase of specific items such as liquor or cigarettes B. A tax that generates revenues that the government can spend only to build more National Parks C. A tax that generates revenues that the government can spend for any purpose D. A tax imposed only on individuals who earn more than $1 million annually
Atlantic, Inc. has prepared the following budgets for March. In March, budgeted production equals budgeted sales of 1,000 units, and direct materials inventory will stay constant. Direct materials$6.00per unitDirect labor$10.80per unitVariable manufacturing overhead$7.50per unitFixed manufacturing overhead$7,500 What is budgeted cost of goods sold for March?
A. $24,300 B. $43,800 C. $16,800 D. $31,800
Which of the following expressions is least likely to be included in a management representation letter?
A. No events have occurred subsequent to the balance sheet date that require adjustment to or disclosure in, the financial statements. B. The company has complied with all aspects of contractual agreements that would have a material effect on the financial statements in the event of noncompliance. C. Management acknowledges responsibility for illegal actions committed by its employees. D. Management has made available all financial statements and related data.