The CISG looks to the citizenship of the owners of a business, not where the business may happen to have an operation, to determine nationality in commercial contracts
a. True
b. False
Indicate whether the statement is true or false
False
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Park, Inc purchased merchandise from Jay Zee Music Company on June 5, 2016 . The goods were shipped the same day. The merchandise's selling price was $15,000 . The credit terms were 1/10, n/30 . The shipping terms were FOB shipping point. Park received the merchandise on June 10, 2016 . Park paid the amount due on June 13, 2016. Park uses the periodic inventory system. What effect does recording
the purchase of merchandise on June 5, 2016 have on Park's accounting equation? a. Liabilities and stockholders' equity decrease. b. Liabilities increase and stockholders' equity decreases. c. Assets and liabilities increase. d. Assets and stockholders' equity increase.
Pigot Corporation uses job costing and has two production departments, M and A. Budgeted manufacturing costs for the year are as follows: Dept. MDept. ADirect materials$700,000 $100,000 Direct labor 200,000 800,000 Factory overhead 600,000 400,000 The actual direct materials and direct labor costs charged to Job. No. 432 during the year were as follows: Direct materials $25,000 Direct labor: Department M$8,000 Department A 12,000 20,000 Pigot applies manufacturing overhead to production orders on the basis of direct labor cost using departmental rates predetermined at the beginning of the year based on the annual budget. The total cost associated with Job. No. 432 for the year should be:
A. $65,000. B. $50,000. C. $55,000. D. $75,000.
Which of the following is an advantage of customizing a packaged solution?
A) Customization adds competitive advantage to processes that an organization cannot alter. B) There is very little scope for errors, especially in large systems, due to integrated modules. C) Vendors will be responsible for any bugs that may arise due to customization. D) Vendors find it easier to upgrade customized systems than to upgrade noncustomized systems.
UPS, a delivery services company, has a beta of 1.4, and Wal-Mart has a beta of 0.9. The risk-free rate of interest is 4% and the market risk premium is 6%
What is the expected return on a portfolio with 50% of its money in UPS and the balance in Wal-Mart? A) 10.9% B) 10.4% C) 12.0% D) 13.1%