Which of the following statements is TRUE?
A) in many provinces the limitation period for most civil cases is 2 years
B) a civil case must be tried in the jurisdiction where the key event occurred
C) if a statement of defense is not filed on time the case will be dismissed
D) the defendant has the choice in what location the trial will be heard in a civil case
E) after the pleadings comes the debtor's examination
A
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Which of the following ratios is a primary measure of liquidity according to the corporate controller survey?
a. Earnings per Share b. Debt/Equity Ratio c. Return on Equity after Tax d. Current Ratio e. None of the answers are correct
The goal of ________ is to stimulate future sales of products for a company by encouraging existing customers to remain loyal.
Jurica Corporation has two production departments, Forming and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: FormingCustomizingMachine-hours 19,000 15,000Direct labor-hours 4,000 6,000Total fixed manufacturing overhead cost$100,700$63,000Variable manufacturing overhead per machine-hour$2.00 Variable manufacturing overhead per direct labor-hour $3.90The predetermined overhead rate for the Customizing Department is closest to:
A. $14.40 per direct labor-hour B. $3.90 per direct labor-hour C. $4.55 per direct labor-hour D. $10.50 per direct labor-hour
Answer the following statements true (T) or false (F)
The Chartered Financial Analysts’ business reporting model for equity investors shows a preference for relevance over reliability.