Markets that transfer funds from savers to borrowers are referred to as _____.
A. treasury markets
B. monopolistic markets
C. financial markets
D. mutual markets
Answer: C
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Which one of the following best describes the external auditor's report?
a. The external auditor's report is an opinion. b. The external auditor's report is a statement of fact. c. The external auditor's report must comply with both FASB and IASB standards. d. The firms that provide external audit reports are restricted to 20 partners, based on authoritative standards issued by the PCAOB.
All of the following are examples of cryptocurrencies except:
A. Ethereum. B. Ripple. C. Zelle. D. Monero.
________ sources of information are those that are retrieved from memory
A) Internal B) Permanent C) Extrinsic D) Adscititious
Landoni Corporation uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. The standards for direct materials for the company's only product specify 2.7 kilos per unit at $5.00 per kilo or $13.50 per unit. During the year, the company purchased 75,200 kilos of raw material at a price of $4.90 per kilo and used 69,290 kilos of the raw material to produce 25,700 units of work in process.Assume that all transactions are recorded on a worksheet as shown in the text. On the left-hand side of the equals sign in the worksheet are columns for Cash, Raw Materials, Work in Process, Finished Goods, and PP&E (net). All of the variance columns are on the right-hand-side of the equals sign along with the column
for Retained Earnings.When recording the raw materials purchases, the Raw Materials inventory account will increase (decrease) by: A. ($376,000) B. $376,000 C. ($368,480) D. $368,480