Which of the following is not true regarding the Basel 2 proposal to reform the original 1988 Basel Accord?
A) It attempts to link capital requirements more closely to actual risk by expanding the number of risk categories.
B) It focuses on assessing the quality of risk management in banking institutions.
C) It attempts to improve market discipline by requiring increased disclosure of pertinent information about banks.
D) It has been well received by banks and national regulatory agencies.
D
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In the case of a sale reported under the installment method, gain is recognized in each year the seller collects on the installment contract.
Answer the following statement true (T) or false (F)
When a large multinational company adapts its consumer website to different cultures around the world, it may create all of the following except:
A) direct and overt sentences, for low-context countries. B) emphasis on family and relationships, for collectivist countries. C) features promoting the products themselves, for individualist countries. D) pictures of people interacting, for high power-distance countries. E) explicit navigational cues, for low-context countries.
How are the transactions in the global bond market in reality a simultaneous transaction in two separate markets?
What will be an ideal response?
Milot Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for April. Fixed Element per MonthVariable Element per Well ServicedActual Total for AprilRevenue $3,800$112,900Employee salaries and wages$41,400 $900$69,500Servicing materials $500$15,100Other expenses$29,600 $30,200?When the company prepared its planning budget at the beginning of April, it assumed that 32 wells would have been serviced. However, 29 wells were actually serviced during April.?The amount shown for revenue in the planning budget for April would have been closest to:
A. $112,900 B. $124,579 C. $110,200 D. $121,600