Which of the following would be accounted for as a permanent fund?
A. A gift of $500,000 to a city, to be invested permanently, with the proceeds to be used to maintain the city cemetery.
B. A gift of $500,000 to a city to be used for a new caretaker's residence at the local cemetery.
C. An intergovernmental grant of $500,000 to a city to be used for low income housing.
D. A gift of $500,000 to a city, to be invested permanently, with the proceeds to be distributed as scholarships.
Answer: A
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Based on the following data, what is the quick ratio, rounded to one decimal point? Accounts payable $ 30,000 Accounts receivable 60,000 Accrued liabilities 5,000 Cash 30,000 Intangible assets 50,000 Inventory 69,000 Long-term investments 80,000 Long-term liabilities 100,000 Marketable securities 30,000 Fixed assets 670,000 Prepaid expenses 1,000
a. 3.4 b. 3.0 c. 2.2 d. 1.8
Passed in 1935, the ______ Act resulted in the National Labor Relations Board.
A. Wagner B. Social Security C. Taft-Hartley D. Occupational Safety and Health E. Civil Rights
Value Electronics uses a standard part in the manufacture of different types of radios
The total cost of producing 25,000 parts is $95,000, which includes fixed costs of $40,000 and variable costs of $55,000. The company can buy this part from an external supplier for $3 per unit and avoid 20% of the fixed costs. If Value Electronics decides to outsource the production of the part, how will it impact its operating income? A) Operating income increases by $12,000. B) Operating income decreases by $12,000. C) Operating income increases by $20,000. D) Operating income decreases by $20,000.
Which of the following is a violation of the Economic Espionage Act? A) Downloading your employer's website program to take to your new job
B) Sketching your employer's new trademark to register first. C) Photographing customer lists of a competitor. D) All of the above are EEA violations.