The first federal law that specifically addressed equal employment issues was the:
a. Landrum-Griffin Act of 1959 b. Civil Rights Act of 1964
c. National Labor Relations Act of 1935 d. Interstate Commerce Act of 1887
e. Equal Pay Act of 1963
e
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An understatement of reported net income for the current year may result from
A) an understatement of beginning inventory in the previous period. B) an overstatement of ending inventory in the current period. C) failure to record accrued payroll liabilities. D) failure to record accrued interest revenue.
The inventory turnover ratio is computed by dividing cost of goods sold by average merchandise inventory.
Answer the following statement true (T) or false (F)
Which of the following is an assumption in applying the capital asset pricing model (CAPM) to estimate the cost of equity capital??
A. ?The investors are well diversified. B. ?The firm's dividends and earnings grow at a constant rate far into the future. C. ?The cost of equity and the cost of debt of a firm are always equal. D. ?The cost of retained earnings is lower than the cost of preferred stock due to the tax savings on earnings retained. E. ?The investors always prefer to receive lower return on retained earnings than regular dividend payments.
The notion of physical distribution is
A. speed of delivery. B. used only by manufacturers. C. the movement of products from producers to end users. D. primarily the wholesaler's responsibility. E. an assessment of distribution costs.