Congress enacts a statute, the Federal Deposit Insurance Corporation (an administrative agency) issues rules, the Southeast Financial Institutions Association (a private organizations) issues instructions, South Valley Bank posts a memo with orders for its employees, and Tina tells her co-worker about a recent news story. Sources of law include
A) ?the instructions issued by private associations.
B) ?the orders posted by employers.
C) the rules issued by federal administrative agencies.
D) the stories released by news agencies.
C
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Many market participants argue that financial markets are efficient and that financial statement users cannot routinely analyze financial statements to find mispriced securities. This view would lead some to suggest that there is little value to
financial statement analysis. Required: Provide a discussion of the role of financial statement analysis in an efficient capital market and reasons why financial statement analysis is still valuable.
One of the major assumptions used in CVP analysis is:
A) that number of units sold each year remains the same. B) that in a multi-product environment, all products are assumed to be sold in identical proportion to total sales. C) that the tax rate is not known. D) that the sales price of a product will not change as volume changes.
Alsobrooks Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: ?Total machine-hours40,000?Total fixed manufacturing overhead cost$156,000?Variable manufacturing overhead per machine-hour$2.20Recently Job M242 was completed with the following characteristics:?Number of units in the job20?Total machine-hours60?Direct materials$725?Direct labor cost$1,680Required:a. Calculate the total job cost for Job M242.b. Calculate the unit product cost for Job M242.
What will be an ideal response?
The Baldrige Award is a better fit to the national culture of _____ than it is to the United States
a. Canada b. China c. Japan d. India