If one U.S. dollar buys 1.59 Canadian dollars, how many U.S. dollars can you purchase for one Canadian dollar?
A. 0.6667
B. 0.7547
C. 0.5786
D. 0.5346
E. 0.6289
Answer: E
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Ranger Inc. would like to issue new 20-year bonds. Initially, the plan was to make the bonds non-callable. If the bonds were made callable after 5 years at a 5% call premium, how would this affect their required rate of return?
A. There is no reason to expect a change in the required rate of return. B. The required rate of return would decline because the bond would then be less risky to a bondholder. C. The required rate of return would increase because the bond would then be more risky to a bondholder. D. It is impossible to say without more information. E. Because of the call premium, the required rate of return would decline.
The assumption that allows accountants to accept some inaccuracy, because of incomplete information about the future, in exchange for more timely reporting is:
a. conservatism. b. time period. c. business entity. d. materiality. e. realization.
A company has 90 employees and a weekly payroll of $117,000. The FICA-social security tax withheld totals $7,254 and the FICA-Medicare tax withheld totals $1,696.50. The total withholding for federal income tax is $16,500. Prepare the journal entry to accrue this week's salaries expense and withholdings.
What will be an ideal response?
A fixed-term tenancy is created when a lease does not specify its duration.
Answer the following statement true (T) or false (F)