Municipal bonds tend to have a ________ coupon rate than Treasury bonds issued at the same time; however, municipal bonds usually offer a(n) ________ after-tax return to investors
A) higher; lower
B) lower; higher
C) higher; higher
D) lower; equal
Answer: B
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Retail and service organizations should ________.
A. communicate their internal problems to customers B. respond to customer complaints using "company policy" as an excuse C. establish policies and procedures that are flexible D. focus on attracting new customers instead of trying to retain current customers
When testing a standard cost system, the auditor does not normally make which of the following inquiries?
a. The method for developing standard costs. b. The method for identifying components of overhead and of allocating overhead to products. c. The method for identifying sales cutoff. d. The method used for allocating variances to inventory and cost of goods sold.
On January 1, Alistair Manufacturing had a beginning balance in Work-in-Process Inventory of $164,000 and a beginning balance in Finished Goods Inventory of $25,000. During the year, Alistair incurred manufacturing costs of $202,000.
During the year, the following transactions occurred: Job C-62 was completed for a total cost of $140,000 and was sold for $157,000. Job C-63 was completed for a total cost of $181,000 and was sold for $212,000. Job C-64 was completed for a total cost $82,000 but was not sold as of year-end. The Manufacturing Overhead account had an unadjusted credit balance of $24,000 and was adjusted to zero at year-end. What was the amount of gross profit reported by Alistair at the end of the year? A) $48,000 B) $72,000 C) $17,000 D) $31,000
Describe the three common learning theories: classical conditioning, operant conditioning, and social learning theory.
What will be an ideal response?