You have just purchased shares of stock from a stockbroker. These shares were previously traded on the NYSE. This trade took place in the
A) primary market.
B) secondary market.
C) tertiary market.
D) quaternary market.
E) none of the above.
Answer: B
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Ahlheim Corporation has two production departments, Forming and Assembly. 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 Assembly 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: FormingAssemblyMachine-hours 16,000 15,000Direct labor-hours 2,000 6,000Total fixed manufacturing overhead cost$102,400$55,200Variable manufacturing overhead per machine-hour$2.30 Variable manufacturing overhead per direct labor-hour $4.50 During the current month the company started and finished Job T924. The following data were recorded
for this job: Job T924:FormingAssemblyMachine-hours 70 20Direct labor-hours 30 40Direct materials$870$385Direct labor cost$630$840The estimated total manufacturing overhead for the Forming Department is closest to: A. $309,867 B. $139,200 C. $36,800 D. $102,400
A ________ documents an organization's purpose—what it wants to accomplish in the larger environment
A) vision statement B) mission statement C) business portfolio D) value proposition E) product strategy
Residual income is determined as
a. income times the asset turnover rate. b. income times the inventory turnover rate. c. income minus (asset base times target rate of return). d. sales minus (asset base times target rate of return).
Hensley and Boyer have been negotiating for several months over issues related to the purchase and sale of some real estate. They draft a letter of intent that
a. protects both parties by ensuring the other side is serious and creates a binding agreement on the issues on which the parties have agreed thus far. b. may or may not be an offer, depending on the exact language and whether the document indicates that the parties have reached an agreement. c. has a legal binding effect concerning the issues outlined in the letter. d. courts will consider to be a valid offer which the other party must accept if offered in good faith.