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Which of the following is not a goal of a system of internal control over merchandising transactions?
A) Keep credit losses as low as possible. B) Prevent the theft of cash and inventory. C) Keep the maximum amount of inventory on hand at all times. D) Keep enough cash on hand to take advantage of purchase discounts.
The purpose of a government-imposed ________ is to give domestic competitors an advantage in the marketplace by making foreign competitors' goods more expensive than domestic goods
A) monopoly B) quota C) tariff D) oligopoly E) embargo
Dorsett Technologies had finished goods inventory on January 1, 20X8 of $29,300 and finished goods inventory on December 31, 20X8 of $24,100. If the cost of goods sold for the year was $427,500, what was the cost of goods manufactured for the year?
A. $427,500. B. $402,100. C. $417,100. D. $422,300. E. None of the answers is correct.
Keys Printing plans to issue a $1,000 par value, 20-year noncallable bond with a 7.00% annual coupon, paid semiannually. The company's marginal tax rate is 40.00%, but Congress is considering a change in the corporate tax rate to 45.00%. By how much would the component cost of debt used to calculate the WACC change if the new tax rate was adopted? Do not round your intermediate calculations.
A. -0.36% B. -0.42% C. -0.44% D. -0.30% E. -0.35%