Which of the following amendments to the U.S. Constitution contains the Due Process, Equal Protection, and Privileges and Immunities Clauses?
A. the Twelfth Amendment
B. the Thirteenth Amendment
C. the Fourteenth Amendment
D. the Fifteenth Amendment
Answer: C
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If a company usually sells its accounts receivable, it records any factoring commissions as a(n)
A) loss. B) expense. C) receivable. D) liability.
Point Company uses the standard costing method. The company's main product is a fine-quality audio speaker that normally takes 0.25 hour to produce. Normal annual capacity is 3,000 direct labor hours, and budgeted fixed overhead costs for the year were $6,750 . During the year, the company produced and sold 8,000 units. Actual fixed overhead costs were $4,800 . Compute the fixed overhead budget
variance. a. $300 (F) b. $300 (U) c. $1,950 (F) d. $1,950 (U)
Your new employer has asked you, as a new marketing graduate, to identify a group of potential customers who might respond in a similar way to a given set of marketing efforts. You have been asked to identify a(n) ________
A) target market B) market segment C) market D) market strategy E) undefined niche
The FASB and IASB are working jointly to develop a revised, coordinated set of financial reporting objectives. They envision that the
a. primary user groups are present and potential providers of resources, including equity investors and creditors. b. users want information useful for making resource allocation decisions. c. users want information useful for making decisions about protecting and enhancing their investments. d. proposed reporting objectives would also specify that firms should prepare financial reports from the perspective of the reporting entity (entity perspective). e. all of the above