Referring to Cool Looks, what is the cash balance at the end of November?
A) $17,150
B) $19,150
C) $19,750
D) $21,250
E) $22,000
B
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Assuming actual volume is 10,000 units and planned volume is 12,000 units, the sales volume variance in units:
A. Equals 2,000 units unfavorable. B. Equals 2,000 units favorable. C. Cannot be determined without additional information. D. None of these answers are correct.
Which of the following is NOT a requirement for a Rule 10b-5 violation?
a. The defendant either used the mails, an instrumentality of interstate commerce, or a facility of a national securities exchange. b. The defendant made a statement that either misrepresented or omitted a fact of material importance. c. The misrepresentation or omission was made with scienter. d. The statement was made in connection with a public offering.
Investors seeking to increase their wealth as quickly as possible would invest in
A) corporate bonds and preferred stock. B) large company stocks with high dividends. C) smaller companies pursuing rapid growth. D) government bonds and low-risk income stocks.
Wenstrom Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit$130.00Variable expense per unit 41.60Fixed expense per month$109,616 The break-even in monthly dollar sales is closest to:
A. $204,455 B. $161,200 C. $342,550 D. $109,616