Which of the following is true of the right to sue letter issued by the EEOC?
A. It is issued when the EEOC chooses to bring suit.
B. It is issued when the EEOC does not find a violation.
C. It is issued when the complainant is found guilty.
D. It is issued only when the discrimination is racial in nature.
Answer: B
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A nonmarketable security is one that
A. is not widely advertised. B. has a present value of zero. C. cannot be resold in a secondary market. D. has only a current yield and not a capital-gains yield.
Mosaic Tile Company is considering an investment in new equipment costing $858,000. The equipment will be depreciated on a straight-line basis over a five-year life and is expected to have a residual value of $62,000. The equipment is expected to generate net cash inflows of $1,002,000 in total during the five-year life. What is the accounting rate of return associated with the equipment investment? (Round your answer to two decimal places.)
A) 12.36% B) 8.96% C) 45.23% D) 9.34%
An example of an effective I-statement is, "I think you are responsible."
Indicate whether the statement is true or false.
Materials a company acquires to use in making products are called:
A. Cost of goods sold. B. Finished goods inventory. C. Conversion costs. D. Work in process inventory. E. Raw materials inventory.