A political lobbyist for General Motors fills an essential boundary-spanning role.
Answer the following statement true (T) or false (F)
True
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Under the weighted-average method for inventory costing, the cost per unit is determined by ________
A) dividing the cost of goods available for sale by the number of units available B) dividing the cost of goods available for sale by the number of units in beginning inventory C) multiplying the number of units purchased with the weighted-average cost D) multiplying the cost of goods available for sale by the ending weighted-average cost of the previous accounting period
Which of the following statements is true of U.S. Treasury bills (T-bills)?
A. They are highly liquid. B. They are highly risky. C. They mostly mature in 40 weeks. D. They cannot be sold before maturity.
Suppose a hypothetical CBOT 12-year U.S., semiannual payment, 7% coupon Treasury note futures contract has a quoted price of 103-180. If the note has a $1,000 par value, what is the implied annual interest rate inherent in the futures contract? Do not round your intermediate calculations. ?
A. 6.43% B. 5.25% C. 5.12% D. 6.56% E. 7.15%
Which entity is defined as independent and has little influence on its market?
A) Corporation B) Joint venture C) Small business D) Partnership E) Government agency