A customer can stop payment on a check that has been certified or accepted by a bank
Indicate whether the statement is true or false
False
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Bernard is a board member at Lopez Electronics Inc. He is also a senior executive of the firm. The board is chaired by Ernest Jones, the CEO of Stanley Motors. According to this scenario, Bernard
A. is more likely than Ernest to take care of stockholder interests. B. is an inside director of Lopez Electronics. C. can use information from board meetings to trade stocks of Lopez Electronics. D. cannot serve on the board of any other organization.
Explain how tax planning may allow a deduction of qualified medical expenses.
What will be an ideal response?
You have just purchased a U.S. Treasury bond for $747.25. No payments will be made until the bond matures 5 years from now, at which time it will be redeemed for $1,000. What interest rate will you earn on this bond?
A. 4.37% B. 4.86% C. 5.40% D. 6.00% E. 6.60%
You have been provided with the following information regarding the Pharma Manufacturing Company: Sales Price$25Variable manufacturing cost per unit 12Variable marketing cost per unit 3Fixed manufacturing costs 180,000Fixed administrative costs 40,000This information is based on forecasted sales of 25,000 units.Required:(a) What are the expected operating profits for the upcoming year?(b) What is the break-even point in units?(c) What is the break-even point in dollars?(d) If $80,000 of operating profits is desired, how many units must be sold?(e) How much in sales dollars is required to generate operating profits of $75,000?
What will be an ideal response?