The legal contract setting forth the terms and provisions of a corporate bond is a(n) ________
A) indenture
B) debenture
C) loan document
D) promissory note
A
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The test used to describe the government's ability to regulate speech as long as it serves an important or substantial governmental interest:
A. O'Kelly B. O'Malley C. O'Brien D. O'Man
Which of the following would most likely be evaluated using residual income?
A) cost center B) profit center C) revenue center D) investment center
Which of the following is not classified as a qualitative forecasting model?
A) exponential smoothing B) Delphi method C) jury of executive opinion D) sales force composite E) consumer market survey
Ortega Industries manufactures 15,000 components per year. The manufacturing cost of the components was determined to be as follows: Direct materials$150,000 Direct labor 240,000 Variable manufacturing overhead 90,000 Fixed manufacturing overhead 120,000 Total$600,000 Assume Ortega Industries could avoid $40,000 of fixed manufacturing overhead if it purchases the component from an outside supplier. An outside supplier has offered to sell the component for $34. If Ortega purchases the component from the supplier instead of manufacturing it, the effect on income would be a:
A. $100,000 decrease. B. $10,000 increase. C. $60,000 increase. D. $140,000 increase.