____ can help a company become more competitive by providing more accurate cost data
A) Unit-based costing
B) Volume-based costing
C) Kaizen costing
D) Production costing
E) Activity-based costing
E
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________ requires that any profits made by a statutory insider on transactions involving short-swing profits belong to the corporation
A) Section 5 of the Securities Act of 1933 B) Section 12 of the Securities Act of 1933 C) Section 16(b) of the Securities Exchange Act of 1934 D) SEC Rule 10b-5
Which of the following items would appear on a personal balance sheet?
A) A loan made on a life insurance policy B) Interest paid on an installment loan C) Interest received on a savings account D) Premiums paid on a health insurance policy
Which of the following statements is CORRECT?
A. Other things held constant, the higher a firm's days sales outstanding (DSO), the better its credit department. B. If a firm that sells on terms of net 30 changes its policy to 2/10, net 30, and if no change in sales volume occurs, then the firm's DSO will probably increase. C. If a firm sells on terms of 2/10, net 30, and its DSO is 30 days, then the firm probably has some past due accounts. D. If a firm sells on terms of net 60, and if its sales are highly seasonal, with a sharp peak in December, then its DSO as it is typically calculated (with sales per day = Sales for past 12 months/365) would probably be lower in January than in July. E. If a firm changed the credit terms offered to its customers from 2/10, net 30 to 2/10, net 60, then its sales should increase, and this should lead to an increase in sales per day, and that should lead to a decrease in the DSO.
An automobile buyer in the ordinary course of business will take free and clear of a security interest created by the buyer's seller
Indicate whether the statement is true or false