The power of a gratuitous agent to affect the principal's relationship with third parties is the same as that of a paid agent
a. True
b. False
Indicate whether the statement is true or false
True
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On June 1, Westbrook Productions had beginning balances as shown in the T-accounts below
Raw Materials Inventory 10,000 Work-in-Process Inventory 20,000 Finished Goods Inventory 25,000 Manufacturing Overhead 41,000 During June, the following transactions took place: June 2: Issued $3,300 of direct materials and $600 of indirect materials to production. June 13: Incurred $7,400 of direct factory labor cost and $14,800 of indirect factory labor cost. What was the balance in the Manufacturing Overhead account following these transactions? A) $41,600 B) $56,400 C) $55,800 D) $59,100
Car loans and mortgage loans are typical annuities in the form of
A) maturity loans. B) compound loans. C) amortized loans. D) payment loans.
Fuji Inc. is registered as a business in the film-making industry. It can borrow in the debt market at 9%. Its cost of equity with 50% debt is 14%
Its corporate tax rate is 40%. If the M&M world of taxes holds, what is the WACC for Fuji with 50% debt financing? A) 8.75% B) 9.00% C) 9.15% D) 9.70%
Which of the following is true?
A. A long call is the same as a short put B. A short call is the same as a long put C. A call on a stock plus a stock is the same as a put D. None of the above