On the income statement, profit margins are expressed as a percentage of
A. debt.
B. expenses.
C. equity.
D. sales.
Answer: D
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Suppose 1 U.S. dollar equals 1.60 Canadian dollars in the spot market. 6-month Canadian securities have an annualized return of 6% (and thus a 6-month periodic return of 3%). 6-month U.S. securities have an annualized return of 6.5% and a periodic return of 3.25%. If interest rate parity holds, what is the U.S. dollar-Canadian dollar exchange rate in the 180-day forward market?
A. 1 U.S. dollar = 0.6235 Canadian dollars B. 1 U.S. dollar = 0.6265 Canadian dollars C. 1 U.S. dollar = 1.0000 Canadian dollars D. 1 U.S. dollar = 1.5961 Canadian dollars E. 1 U.S. dollar = 1.6039 Canadian dollars
As related to a job order costing system, answer the following questions: a. What is a job order costing system? Identify three kinds of companies that would use such as system. b. What is a job order? c. What is the purpose of a job order cost card? Identify the kinds of information recorded in it
What is meant by internal equity, external equity, and individual equity?
What will be an ideal response?
Which of the following statements is MOST accurate in regard to presentation software for the design of graphics?
a. Current presentation software packages have eliminated the need for users to have any previous knowledge of graphic or visual design. b. The latest presentation software packages try to guide users away from the worst errors of taste and judgment. c. Developers of presentation software continue to ignore rules for effective design of graphic aids in the default settings of their products. d. An effective writer can confidently rely on default settings in presentation software to design effective visuals.