Which of the following ratings by Moody's is given to the bonds of companies that have the best credit risk?
A. Caa
B. Aaa
C. B
D. Ba
E. A
Answer: B
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If a person dies without having made a will, or if he makes a will that is declared invalid, he is said to have died testate.
Answer the following statement true (T) or false (F)
Which financial statements are required for proprietary funds?
A. Statement of Net Position; Statement of Revenues, Expenses, and Changes in fund Net Position; Statement of Cash Flows. B. Budgetary comparison schedule; Statement of revenues, expenditures, and changes in fund balance; Statement of Net Position. C. Statement of Net Position; Statement of Revenues, Expenses, and Changes in fund net position. D. Statement of Net Position; Statement of revenues, expenditures, and changes in fund balances; Statement of Cash Flows.
Compare and contrast a conventional channel with a vertical marketing system (VMS)
What will be an ideal response?
A firm using FIFO had a beginning inventory of $48,000, an ending inventory of $56,000, and a pretax income of $400,000 . If it had used LIFO, its beginning inventory would have been $20,000, its ending inventory would have been $16,000, and its pretax income would have been:
a. $374,000 b. $388,000 c. $396,000 d. $404,000 e. $412,000