Model Rules of Professional Conduct 5.1 and 5.3 require an attorney to property supervise his support staff including paralegals
Indicate whether the statement is true or false
TRUE
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Under which of the following circumstances is the installment sales method appropriate for the recognition of revenue in the income statement?
a. For any sales where collection is spread over a reasonable long period of time. b. In any situation where management wishes to delay the recognition of revenue in order to smooth its income. c. For sales where collection is spread over a reasonable long period of time and significant doubt exists about the ultimate collection of the receivables. d. For sales where collection is spread over a reasonable long period of time and no significant doubt exists concerning ultimate collection of the receivables.
AOA is a more useful technique than AON if the project is complex and has many significant milestones
Indicate whether the statement is true or false
You are considering an investment in a AAA-rated U.S. corporate bond but you are not sure what
rate of interest it should pay. Assume that the real risk-free rate of interest is 1.0%; inflation is expected to be 1.5%; the maturity risk premium is 2.5%; and, the default risk premium for AAA rated corporate bonds is 3.5%. What rate of interest should the U.S. corporate bond pay? A) 5.0% B) 8.5% C) 2.5% D) 6.0%
A newly formed company producing glass paperweights creates a worksheet using Excel for finding the number of units it has to sell to post a profit of $10,000 in the first year. In the Goal Seek tool dialog box, where must the required profit be entered?
A. In the "For set" field. B. In the "To value" field. C. In the "Time" field. D. In the "By changing cell" field.