A spot transaction in the foreign exchange market involves the
A) exchange of exports and imports at a specified future date.
B) exchange of bank deposits at a specified future date.
C) immediate (within two days) exchange of exports and imports.
D) immediate (within two days) exchange of bank deposits.
D
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Zacher Co.'s stock has a beta of 1.40, the risk-free rate is 4.25%, and the market risk premium is 5.50%. What is the firm's required rate of return?
A. 11.36% B. 11.65% C. 11.95% D. 12.25% E. 12.55%
The payroll taxes imposed on the employer are debited to Sales and Wages Expense
Indicate whether the statement is true or false
Which type of documentation shows the detailed relationship of input files, programs, and output files?
a. structure diagrams b. overview diagram c. system flowchart d. program flowchart
Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing$5880?Supervising$33,600?Other$12,100?Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: MHs(Processing)Batches(Supervising)Product M011,400?800?Product M5600?800?Total12,000?1600??Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Product M0Product
M5Sales (total)$86,300?$98,400?Direct materials (total)$30,200?$33,100?Direct labor (total)$29,500?$43,400??What is the product margin for Product M5 under activity-based costing? A. $4214 B. $21,900 C. $4806 D. $26,600