Trading securities are
a. reported at fair value on the balance sheet and as unrealized gains or losses on the income statement
b. not reported on the balance sheet
c. reported as unrealized gains or losses on the income statement
d. reported at fair value in the balance sheet
a
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Variable costing has an advantage over absorption costing for which of the following purposes?
a. analysis of profitability of products, territories, and other segments of a business b. determining the CVP relationship among the major factors of selling price, sales mix, and sales volume c. minimizing the effects of inventory changes on net income d. all of the above
Since Jameson has to coordinate airline flights, rental car information, prospect addresses, contact information and appointment times, and emails and voicemails from current clients, all while in transit, he would most likely benefit from a(n):
A) assistant B) laptop C) Rolodex D) smartphone E) atlas
Joe and Lucas enter into a contractual agreement in which Lucas promises to deliver a unique antique artifact to Joe in the next ten days, but the artifact is stolen before Lucas could fulfill his promise
Which of the following statements is true about this scenario? A) Lucas must pay compensatory damages to Joe. B) Lucas must pay punitive damages to Joe. C) The contract is discharged by impossibility of performance. D) The contract can be terminated only if both parties agree.
Paul Avery is a salesperson at the only Ford automobile dealership in Wausau, Wisconsin. However, there are several other auto dealerships in town, offering both domestic and foreign cars and trucks. Paul works hard to keep his customers satisfied because he knows that if his customers are unhappy, they can simply buy a car from one of the several other comparable dealers in Wausau. This marketing environment is an example of
A. an oligopoly. B. a monopoly. C. monopolistic competition. D. marginal competition. E. pure competition.