In the context of a tax sale, many states provide a period of ________ after a tax sale during which the taxpayer can reclaim the property by paying the unpaid taxes and penalties
A) stipulation
B) consideration
C) redemption
D) exemption
C
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Fish sperm is composed mostly of DNA. If we tested a sample chemically, we should find relatively high amounts of
A. nitrogenous bases, sugar, and phosphate groups. B. triglycerides and ATP. C. amino acids and unsaturated fats. D. globular proteins and stored fats. E. phospholipids and steroids.
Firms must designate each derivative as a hedging instrument, or else accounting views the derivative as a nonhedging instrument. Furthermore, firms must designate each hedging instrument as either a fair value hedge or a cash flow hedge. The accounting for nonhedging derivatives
a. remeasures both the hedged item and the derivative to fair value each period and recognize any unrealized gains and losses in net income. b. remeasures the derivative to fair value each period and include the unrealized gain or loss in other comprehensive income to the extent that the derivative instrument is effective in neutralizing risk. When the firm settles the hedged item, transfer the previously unrealized gain or loss from other comprehensive income to net income. c. remeasures the derivative to fair value each period and include the unrealized gain or loss in net income. d. all of the above e. none of the above
The cost of goods sold appearing on the income statement as an expense is the normal cost of goods sold
Indicate whether the statement is true or false
A buyer for a large sporting goods store chain must place orders for professional footballs with the football manufacturer six months prior to the time the footballs will be sold in the stores. The buyer must decide in November how many footballs to order for sale during the upcoming late summer and fall months. Assume that each football costs the chain $45. Furthermore, assume that each pair can be sold for a retail price of $90. If the footballs are still on the shelves after next Christmas, they can be discounted and sold for $35 each. The probability distribution of consumer demand for these footballs (in hundreds) during the upcoming season has been assessed by the market research specialists and is presented below. Finally, assume that the sporting goods store chain must purchase
the footballs in lots of 100 units. Demand (in hundreds) Probability 4 0.30 5 0.50 6 0.20 (A) What is the payoff if the store orders 400 footballs and quantity demanded is 400 footballs? (B) What is the payoff if the store orders 400 footballs and quantity demanded is 500 footballs? (C) What is the payoff if the store orders 400 footballs and quantity demanded is 600 footballs? ?(D) What is the payoff if the store orders 500 footballs and quantity demanded is 400 footballs? ?(E) What is the payoff if the store orders 500 footballs and quantity demanded is 500 footballs? ?(F) What is the payoff if the store orders 500 footballs and quantity demanded is 600 footballs? ?(G) What is the payoff if the store orders 600 footballs and quantity demanded is 400 footballs? ?(H) What is the payoff if the store orders 600 footballs and quantity demanded is 500 footballs? ?(I) What is the payoff if the store orders 600 footballs and quantity demanded is 600 footballs? What will be an ideal response?