The Securities Investor Protection Act of 1970
A)
protects investors against all investment losses up to $500,000.
B)
guarantees delivery of shares (up to $500,000 ) and cash (up to $100,000 ) held by a bankrupt broker.
C)
is offered only by full-service brokers.
D)
established binding arbitration as the method of resolving broker-related disputes.
B
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On the first day of the fiscal year, Lisbon Co issued $1,000,000 of 10-year, 7% bonds for $1,050,000, with interestpayable semiannually. Orange Inc purchased the bonds on the issue date for the issue price. The journal entry torecord the amortization of the premium (by the straight-line method) for the year by Lisbon Co includes a debit to
a. Interest Expense for $2,500 b. Premium on Bonds Payable for $2,500 c. Interest Expense for $5,000 d. Premium on Bonds Payable for $5,000
Oliver works in a place that has a formal chain of command and is internally focused. His manager, Amelia, uses her position to manage her employees and to emphasize the importance of efficiency, productivity, and organization in the day-to-day running of operations. Oliver and Amelia work for a company that fits which type of culture?
A. hierarchy B. adhocracy C. market D. clan
Correlation analysis might be used to determine whether a relationship existed between how respondents answered one item and how they answered another
Indicate whether the statement is true or false
Each month the sales staff of Capital Plumbing Supplies, Inc., makes an average of 125 sales calls on prospective customers at a cost of about $3,500 (salary plus expenses). What is the average cost of a sales call (to the nearest dollar amount)?
A. $22 B. $31 C. $25 D. $28 E. $34