Which countries include family information on the résumé?
a. Germany and Japan
b. Spain and England
c. England and Japan
d. Spain and Germany
D
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Statements on Standards for Accounting and Review Services (SSARS) require an accountant to report when the accountant has
A. Typed client-prepared financial statements, without modification, as an accommodation to the client. B. Provided an entity with a financial statement format that does not include dollar amounts, to be used by the entity in preparing financial statements. C. Proposed correcting journal entries to be recorded by the client that change client-prepared financial statements. D. Generated, through the use of computer software, financial statements prepared in accordance with a comprehensive basis of accounting other than GAAP.
Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows.
A. A project's regular IRR is found by discounting the cash inflows at the cost of capital to find the present value (PV), then compounding this PV to find the IRR. B. If a project's IRR is greater than the WACC, then its NPV must be negative. C. To find a project's IRR, we must solve for the discount rate that causes the PV of the inflows to equal the PV of the project's costs. D. To find a project's IRR, we must find a discount rate that is equal to the cost of capital. E. A project's regular IRR is found by compounding the cash inflows at the cost of capital to find the terminal value (TV), then discounting this TV at the cost of capital.
Harlen Company is involved in a competitive bidding situation. The following costs are anticipated for a project to be bid with the City of Crimson: Direct material$340,000 Direct labor 610,000 Allocated variable overhead 420,000 Allocated fixed cost 110,000 Which of the following cost figures should be used in setting a minimum bid price if Harlen has excess capacity?
A. $1,480,000. B. $950,000. C. $1,370,000. D. $530,000. E. None of the answers is correct.
Madison purchases several 50-pound bags of mulch at the local gardening store. An employee carries the bags of mulch to Madison's truck and loads them into the back for her. Will Article 2 of the UCC govern the contract in this situation?
A. No, this is a mixed contract because Madison is paying for both goods and labor.
B. Yes, because the primary purpose of this contract is the sale of goods.
C. No, this is an express contract because both parties explicitly state their intentions.
D. Yes, because Article 2 of the UCC governs all bilateral contracts.