Personal property that is most often exempt from satisfaction of judgment debts does not include livestock.
Answer the following statement true (T) or false (F)
False
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On December 1, 20X8, Hedge Company entered into a 60-day speculative forward contract to sell 200,000 British pounds (£) at a forward rate of £1 = $1.78. On the same day it purchased a 60-day speculative forward contract to buy 100,000 euros (€) at a forward rate of €1 = $1.42.The rates are as follows: Forward Rate for Forward Rate forDateSpot Rate Feb 1 Spot Rate Feb 1December 1, 20X8£1=$1.76 $1.78 €1=$1.40 $1.42 December 31, 20X8£1= 1.73 1.74 €1= 1.38 1.40 February 1, 20X9£1= 1.75 €1= 1.41 Hedge had no other speculation transactions in 20X8 and 20X9. Ignore taxes.Based on the preceding information, what is the net gain or loss on the euro speculative contract?
A. $6,000 gain B. $3,000 loss C. $8,000 gain D. $1,000 loss
When implementing tools and technology ____.
A. it is better to implement technology as a one-time cost so that the service desk doesn't exceed its budget and have to ask for a variance B. organizations should strive to implement the most sophisticated technology that their budgets will allow so customers will be more productive C. it is more important to get the technology installed properly than to define the roles of the people who will be using it D. ongoing maintenance activities, such as installing upgrades and additional memory, and training must be performed in a timely fashion
Farnsworth has an instrument which was made "Payable to bearer." She loses the instrument, but it is found by Mellon. Mellon may
a. collect payment on the instrument. b. not collect payment because he gave no value for it. c. not collect payment on the instrument because he only found it. d. none of these.
For each item shown below, classify it as a product cost or a period cost, by placing an X in the appropriate column. For each item that is a product cost, also indicate whether it is a direct cost or an indirect cost with respect to a unit of finished product. ?Product or period cost?Direct or indirect cost?Cost itemProductPeriodDirectIndirect Administrative salaries???? Direct labor???? Advertising???? Property tax on the factory???? Factory maintenance???? Direct materials???? Depreciation on factory equipment???? Interest expense???? Factory supplies????
What will be an ideal response?