The maximum average maturity of the holdings within a money market account must be 6 months or less
Indicate whether the statement is true or false.
Answer: FALSE
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Outdoor Living Company has just received a special order for 500 hammocks. Outdoor Living has sufficient idle capacity to accept the order. Accepting the order will increase Outdoor Living's variable manufacturing costs. Which type of cost is considered a sunk cost to Outdoor Living's decision of whether to accept or reject the special order?
A. Labor cost to make the 500 hammocks B. Depreciation on equipment that would be used to make the hammocks C. Materials handling cost D. Raw materials to make the 500 hammocks
Which of the following would decrease variable costs?
a. Reduction in rent expense b. Reduction in research expenditure c. Reduction in salaries of administrative department d. Reduction in wages paid as direct labor
Revising for style means
A) checking the rhythm and flow of the sentences. B) adjusting the tone to obvious flattery. C) ensuring that sentences are long enough to persuade. D) making sure your punctuation is correct. E) ensuring that the needs of the audience are met.
A owns a ranch in Wyoming, which B offers to purchase. A is not willing to sell the ranch but is willing to exchange the ranch for an apartment complex in Louisiana. The complex is available for sale. B purchases the apartment complex in Louisiana from C and transfers it to A in exchange for A's ranch. The ranch and the complex each have a $1,000,000 fair market value. Which of the following is true?
A. The transaction qualifies as a like-kind exchange for A but not for B. B. The transaction does not qualify as a like-kind exchange for either B or A. C. The transaction qualifies as a like-kind exchange for B but not for A. D. The transaction qualifies as a like-kind exchange for both B and A.