As compared to U.S banks, foreign banks are less regulated and have fewer restrictions concerning the types of business activities they can pursue. Therefore, foreign banks often engage in numerous aspects of multilayer financial deals.
Answer the following statement true (T) or false (F)
True
To be more like their international counterparts, U.S. financial intermediaries must have the ability to engage in more aspects of multilayer financial deals, which means that these organizations must be able to offer such services as investment banking, commercial lending, insurance, and other necessary financial services. See 3-5: International Financial Markets
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The gross profit of Larry Company for 2015 is $300,000, cost of goods manufactured is $400,000, the beginning inventories of goods in process and finished goods are $28,000 and $35,000, respectively, and the ending inventories of goods in process and finished goods are $50,000 and $70,000, respectively. The cost of goods sold of Larry Company for 2015 must have been
A) $378,000. B) $265,000. C) $278,000. D) $365,000.
Consider a situation in which there is 10% unaided awareness for a brand of athletic shoes, with purchases of 75%. Which of the following best describes the purchase funnel for this scenario?
A) very wide at the top and narrow at the bottom B) very narrow at the top and wide at the bottom C) very narrow and vertical D) very wide and vertical E) very wide and horizontal
Answer the following statement(s) true (T) or false (F)
1. The elements of the accounting equation (assets, liabilities, and owners’ equity) are reflected in the balance sheet and the income statement. 2. A balance sheet indicates the firm’s financial position as of a particular point in time. 3. Cash, inventory, and store equipment are all included in current assets. 4. All long-term assets, including land, are depreciable. 5. Working capital is the difference between current assets and current liabilities.
Elder care benefits typically give emphasis to:
A. providing a direct financial assistance. B. providing tax exemptions on medical bills of the dependent elders. C. setting up an elderly care facility close to the work place. D. providing information and support. E. providing vouchers and discounts to help employees access the existing elderly care facilities.