Which of the following is the correct formula to calculate weighted-average unit cost for merchandise inventory?
A) Weighted-average unit cost = Cost of goods available for sale + Number of units available
B) Weighted-average unit cost = Cost of goods available for sale × Number of units available
C) Weighted-average unit cost = Cost of goods available for sale - Number of units available
D) Weighted-average unit cost = Cost of goods available for sale / Number of units available
D) Weighted-average unit cost = Cost of goods available for sale / Number of units available
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Assume that the current corporate bond yield curve is upward sloping. Under this condition, then we could be sure that
A. The economy is not in a recession. B. Long-term bonds are a better buy than short-term bonds. C. Maturity risk premiums could help to explain the yield curve's upward slope. D. Long-term interest rates are more volatile than short-term rates. E. Inflation is expected to decline in the future.
Sales tax payable is a liability account that is debited when payment of tax is made to the taxing authority
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Caroline is riding the elevator when she overhears two men talking about a proposed merger
It seems that Strawberry Corporation is going to acquire all the stock of Maple Co Caroline asks the two men what they are talking about, and they say that when this news becomes public, Maple Co's stock will increase dramatically in price. They tell Caroline that this is private information and that she is not to tell anyone. Caroline buys some Maple Co stock. Several months later, after the merger is announced, Caroline sells her stock for a large profit. Assuming all the information Caroline had was material, nonpublic information, which of the following best describes Caroline's situation? A) Caroline has violated no law, since she is not an insider. B) Caroline has probably violated the 1933 Securities Act. C) Caroline has violated no law, since she did not know the men she overheard. D) Caroline has violated no law, because she had already heard the main points of the information before asking about it. E) Caroline has probably violated the 1934 Securities and Exchange Act.
Closed-loop MRP systems allow production planners to move work between time periods to smooth the load or to at least bring it within capacity
Indicate whether the statement is true or false