In response to the recent financial crisis, the Eurozone states launched a permanent funding program for the rescue of states undergoing financial crisis called the:
A) Eurozone Crisis Act
B) European Fiscal Compact.
C) European Stability Mechanism.
D) none of the above.
C
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In aging the receivables, the estimate of uncollectible accounts is based on past experience and increases as the number of days past due increases
a. True b. False Indicate whether the statement is true or false
The local Advance Auto Parts retailer agreed to advertise during the live broadcast of a local parade. Due to equipment problems, the parade was not televised, and the station showed an old episode of 7th Heaven instead. Because of its advertising agreement with the network, Advance Auto Parts would most likely receive a(n) ________ to compensate for the lower ratings than expected.
A. do-over B. makegood C. audience compensation D. preemption notice E. affidavit of nonperformance
Global Products produces and sells limited edition decorative plates. The company's controller has the following information available from the static budget of one of the product lines for the month of April: Estimated production 2,000 units Direct material per unit 10 ounces Direct material cost per unit $.25 per ounce Actual production during April was 1,900 units and actual direct materials
cost was $4,940. If the company prepares a flexible budget for April, the projected direct materials cost would be: A) $5,200 B) $4,940 C) $5,000 D) $4,750
What is an asset?
a. anything of value or a resource of value that can be converted into stocks. b. anything of value or a resource of value that can be converted into cash. c. anything of value or a resource of value that can be converted into bonds. d. none of the above.