The set of mechanisms used for making transactions is called the
A. outside money mechanism.
B. payments system.
C. inside money system.
D. standard of deferred payments.
Answer: B
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The entry made in February to reverse the entry that was made to accrue January payroll would be:
a. Debit - Wages Payable Credit - Cash b. Debit - Wages Payable Credit - Payroll c. Debit - Factory Overhead Credit - Payroll d. Debit - Payroll Credit - Wages Payable
Business law is primarily public law
Indicate whether the statement is true or false
Behrend Clinic uses the direct method to allocate service department costs to operating departments. The clinic has two service departments, Personnel and Support, and two operating departments, Prenatal and Pediatrics. Service Departments Operating Department PersonnelSupport PrenatalPediatricsDepartmental costs$29,200$55,040 $242,050$423,200Employee hours5,0001,000 26,00014,000Space occupied3,0002,000 35,0008,000 Personnel Department costs are allocated on the basis of employee hours and Support Department costs are allocated on the basis of space occupied in square feet. The total Pediatrics Department cost after the allocations of service department costs is closest to:
A. $433,440 B. $444,471 C. $441,260 D. $443,660
Which of the following is equivalent to a long position in a European call option?
A. A short position in a cash-or-nothing put option plus a long position in an asset-or-nothing put option B. A long position in an asset-or-nothing put option plus a long position in a cash-or-nothing put option C. A long position in an asset-or-nothing call option plus a long position in a cash-or-nothing call option D. A long position in an asset-or-nothing call option plus a short position in a cash-or-nothing call option