When the cross rate for currencies offered by two banks differs from the exchange rate offered by a third bank, a triangular arbitrage opportunity exists
Indicate whether the statement is true or false.
Answer: TRUE
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______ job functions are those that may be performed on the job but need not be performed by all holders of the job.
A. Side B. Job related C. Marginal D. Reasonable
A landlord's substantial interference with a tenant's use of the property is considered? A)?a constructive eviction
B)?a tort. C)?a violation of federal housing law. D)?permissible in a periodic tenancy.
Michard Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:a.The budgeted selling price per unit is $125. Budgeted unit sales for April, May, June, and July are 7,600, 10,500, 13,800, and 12,900 units, respectively. All sales are on credit. b.Regarding credit sales, 20% are collected in the month of the sale and 80% in the following month. c.The ending finished goods inventory equals 20% of the following month's sales. d.The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.00 per pound. e.Regarding raw materials purchases, 30% are paid for in the month
of purchase and 70% in the following month. f.The direct labor wage rate is $25.00 per hour. Each unit of finished goods requires 3.0 direct labor-hours. g.The variable selling and administrative expense per unit sold is $3.40. The fixed selling and administrative expense per month is $80,000. If 54,480 pounds of raw materials are required for production in June, then the budgeted cost of raw material purchases for May is closest to: A. $95,184 B. $121,968 C. $148,752 D. $89,280
The FCC regulates all interstate calls
a. True b. False