In one sentence, what does updating a master file record involve?
Updating a master file record involves changing the value of one or more of its variable fields to reflect the effects of a transaction.
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Which of the following is not true about an ESOP?
a. An ESOP will reduce the amount of voting stock in the hands of employees. b. An ESOP must be a permanent trusted plan for the exclusive benefit of the employees. c. The plan participants become eligible for favorable taxation of distributions from the plan. d. Commercial lending institutions, insurance companies, and mutual funds are permitted an exclusion from income for 50% of the interest received on loans used to finance an ESOP's acquisition of company stock. e. An ESOP may reduce the potential of an unfriendly takeover.
On December 1, 20X8, Hedge Company entered into a 60-day speculative forward contract to sell 200,000 British pounds (£) at a forward rate of £1 = $1.78. On the same day it purchased a 60-day speculative forward contract to buy 100,000 euros (€) at a forward rate of €1 = $1.42.The rates are as follows: Forward Rate for Forward Rate forDateSpot Rate Feb 1 Spot Rate Feb 1December 1, 20X8£1=$1.76 $1.78 €1=$1.40 $1.42 December 31, 20X8£1= 1.73 1.74 €1= 1.38 1.40 February 1, 20X9£1= 1.75 €1= 1.41 Hedge had no other speculation transactions in 20X8 and 20X9. Ignore taxes.Based on the preceding information, what is the net gain or loss on the euro speculative contract?
A. $6,000 gain B. $3,000 loss C. $8,000 gain D. $1,000 loss
Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders is referred to as a:
a. multinational enterprise. b. joint venture. c. flow of trade. d. flow of capital.
During Year 1, Hollowell Corporation and Chester Corporation reported net incomes of $260,000 and $480,000 respectively. Both companies had 200,000 shares of common stock issued and outstanding. At December 31, Year 1, the market price per share of Hollowell's stock was $39 and Chester's stock was $36. Required:a)Calculate the price-earnings ratio for: 1) Hollowell 2) Chester b)Based on the price-earnings ratios computed in part (a), which company do investors believe has more potential for future income growth? Explain your answer.
What will be an ideal response?