Only realized capital gains from mutual fund investments are currently taxable for individual income tax purposes
Indicate whether the statement is true or false.
Answer: TRUE
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Which of the following statements is true about maximize net marketing contribution strategy?
A) It is an offensive core strategy. B) It results in inefficient use of marketing resources. C) It requires careful margin management. D) Its first step is to focus on optimal management of price-volume rather than margin-volume. E) It is most effective in very unattractive markets where the firm has a very weak competitive position.
The face amount of a note that is promised to be paid at maturity is called the
a. rate of interest; b. principal of the note; c. time of the note; d. discount of the note; e. maturity value
Opal Manufacturing Company established the following standard price and cost information: Sales price$50per unitVariable manufacturing cost 32per unitFixed manufacturing cost$100,000totalFixed selling and administrative cost$40,000total Opal expected to produce and sell 25,000 units. Actual production and sales amounted to 26,500 units.Required:(a) Determine the sales volume variances, including variances for number of units, sales revenue, variable manufacturing cost, fixed manufacturing cost, and fixed selling and administrative cost. (b) Classify the variances as favorable (F) or unfavorable (U). (c) Comment on the usefulness of the variances with respect to performance evaluation. (d) Explain why the fixed cost variances are zero.
What will be an ideal response?
An urn contains 7 blue and 3 yellow chips. If the drawing of chips is done with replacement, determine the probability of:
(a) drawing three yellow chips. (b) drawing a blue chip on the first draw and a yellow chip on the second draw. (c) drawing a blue chip on the second draw given that a yellow chip was drawn on the first draw. (d) drawing a yellow chip on the second draw given that a blue chip was drawn on the first draw. (e) drawing a yellow chip on the second draw given that a yellow chip was drawn on the first draw.