Estimates are that speculation accounts for only about 10 percent of the daily trading activity in the foreign exchange market.
a. True
b. False
b. False
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Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%, salary allowances of $27,000 and $18,000 respectively, and the remainder equally. How much of the net income of $91,000 is allocated to Yolanda?
A) $26,500 B) $46,000 C) $45,000 D) $45,500
Each of the following can be a specific task of a working group EXCEPT
a. developing a campaign to present to a client. b. developing a policy to recommend to management. c. discussing conflicting opinions relative to a complex social issue. d. having a friendly chat.
Ramirez Company sells its garden hoses to Kim's Lawn and Garden Center but does not require Kim's to pay for them right away. If this is a standard trade-credit agreement, Kim's will have to pay for the garden hoses in
A. 30 to 60 days. B. 1 to 20 days. C. 45 to 90 days. D. 60 to 180 days. E. as many days as it takes to sell the merchandise.
In making short-term business decisions, what should you do?
a. Use a traditional costing approach b. Focus on total costs c. Separate variable from fixed costs d. Focus only on quantitative factors