The parent who has legal custody of a child has:
A) The right to make day-to-day decisions concerning the child's matters.
B) The physical custody of the child as well, generally.
C) Both of the above.
D) None of the above.
C
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A company that makes which of the following types of products would best be suited for a job costing system?
A. Swimming suits B. Fruit juice C. Snack chips D. Custom jewelry E. Phone chargers
Which of the following is a two-party instrument?
A) Deed of trust B) Mortgage C) Both a deed of trust and a mortgage D) Neither a deed of trust nor a mortgage
NorthWest Water (NWW) Five years ago, NorthWest Water (NWW) issued $50,000,000 face value of 30-year bonds carrying a 14% (annual payment) coupon. NWW is now considering refunding these bonds. It has been amortizing $3 million of flotation costs on these bonds over their 30-year life. The company could sell a new issue of 25-year bonds at an annual interest rate of 11.67% in today's market. A call premium of 14% would be required to retire the old bonds, and flotation costs on the new issue would amount to $3 million. NWW's marginal tax rate is 40%. The new bonds would be issued when the old bonds are called. Refer to the data for NorthWest Water (NWW). What is the NPV if NWW refunds its bonds today?
A. $1,746,987 B. $1,838,933 C. $1,935,719 D. $2,037,599 E. $2,241,359
Carriveau Corporation has two divisions: Consumer Division and Business Division. The following data are for the most recent operating period: Consumer DivisionBusiness Division Sales$331,000$245,000 Variable expenses$102,610$58,800 Traceable fixed expenses$149,000$139,000 The company's common fixed expenses total $63,360. The Consumer Division's break-even sales is closest to:
A. $488,153 B. $215,942 C. $307,768 D. $268,710