Accounts payable and accrued expenses are known as discretionary sources of financing
Indicate whether the statement is true or false
FALSE
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Which of the following is not a task-focused leader behavior?
A. initiating structure B. production orientation C. consideration D. facilitating goal accomplishment
Looking backward, determining what actually happened and comparing it with the previously planned outcomes is:
A) budgeting. B) communicating. C) decision making. D) strategic planning. E) control.
[The following information applies to the questions displayed below.] Scavenger Company, a manufacturer of recycling bins, began operations on January 1 of the current year. During this time, the company produced 60,000 units and sold 55,000 units at a sales price of $15 per unit. Cost information for this year is shown in the following table:Production costs Direct materials$2.50per unitDirect labor$3.00per unitVariable overhead$0.75per unitFixed overhead$240,000in totalNon-production costs Variable selling and administrative$10,000in totalFixed selling and administrative$50,000in totalGiven the Scavenger Company data, what is net income using variable costing?
A. $150,000 B. $181,250 C. $201,250 D. $276,250 E. $177,600
The 1933 Securities Act defines the term "security." The Supreme Court of the United States has adopted a two-tier analysis of what constitutes a security. Within this analysis the Court has used a three-part test to determine whether a non-traditional
financial transaction constitutes an investment contract and thus a security. Explain (a) the 1933 Act's statutory definition of security, (b) the courts' general interpretation of the 1933 Act's definition and (c) the Supreme Court's two-tier test. Use case law to illustrate your explanation, if appropriate. Also, why do you think the Supreme Court had to devise such an analysis?