What is the seasonal index for the fourth quarter? (Round to the nearest hundredth.)
A) .20
B) .23
C) .25
D) .30
Answer: C
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For the following situation, state whether it represents a strength or weakness in internal control and give the reason for your answer. The movie theater has the following policy. Tickets are sold by the cashier. The ticket stubs are collected by the ticket taker. The ticket stubs are stored in a locked box, and the accounting personnel match the number of ticket stubs to the number of tickets sold.
What will be an ideal response?
Paul wants to accumulate $14,500 for the down payment for a new condo. He plans to start investing $2,500 annually beginning today. The investment account will pay 10 percent interest compounded annually. How long would it take him to accumulate enough money to make the down payment?
A. 3.5 years B. 5.9 years C. 6.1 years D. 4.4 years E. 4.8 years
Proper execution of a negotiable instrument by an agent would be ________
a. Al, Jo b. Al c. Al (agent) for principal d. Jo (principal) by Al (agent)
Elaine offers Francie$1 millionto invest in a start-up business venture if Francie marries Elaine's son Guinn. This promise is enforceable A) only if it is in writing
B) only if the venture is not likely to succeed or fail within one year C) ?only if Guinn agrees to marry Francie. D) under no circumstances.