When a municipal bond is given tax-free status, the demand for Treasury bonds shifts ________, and the interest rate on Treasury bonds ________
A) leftward; rises
B) leftward; falls
C) rightward; rises
D) rightward; falls
A
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A financial intermediary
A. is a government-owned acceptor of deposits. B. pools the funds of many people. C. speculates in the stock market. D. advances loans but does not accept deposits.
An ordinary merger or share exchange requires the recommendation of the board of directors of each corporation
Indicate whether the statement is true or false
Superior Products Manufacturing identified the following data in its two production departments: ?AssemblyFinishingManufacturing overhead costs$225,000$420,000Direct labor hours worked6,600 DLH10,000 DLHMachine hours used2,400 MH5,200 MHCompute departmental overhead rates assuming the Assembly rate is based on machine hours and the Finishing rate is based on direct labor hours.
What will be an ideal response?
The Washington Fish Company completed the flexible budget analysis for the second quarter, which is given below
Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Units 12,870 0 12,870 1,070 F 11,800 Sales Revenue $62,790 $1,240 U $64,030 $3,990 F $60,040 Variable Costs 27,590 610 U 26,980 $1,770 U 25,210 Contribution Margin $35,200 $1,850 U $37,050 $2,220 F $34,830 Fixed Costs 34,290 230 U 34,060 $0 34,060 Operating Income/(Loss) $910 $2,080 U $2,990 $2,220 F $770 Which of the following statements would be a correct analysis of the sales volume variance for operating income? A) decrease in sales price per unit B) increase in variable cost per unit C) increase in sales volume D) increase in fixed costs