If a firm's bank reconciliation statement shows a bank statement balance of $13,200, total deposits in transit of $1,400, and total outstanding checks of $980, the adjusted bank balance is ________.
What will be an ideal response?
$13,620
Feedback: $13,200 + $1,400 - $980 = $13,620
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Assume that the risk-free rate remains constant, but the market risk premium declines. Which of the following is most likely to occur?
A. The required return on a stock with beta > 1.0 will increase. B. The return on "the market" will remain constant. C. The return on "the market" will increase. D. The required return on a stock with beta < 1.0 will decline. E. The required return on a stock with beta = 1.0 will not change.
Acme, Inc., produces widgets. To manufacture a new type of widget, it took 73 hours for the first widget. Acme estimates it has an 88% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 109th widget.
a. 31.24 hours b. 34.86 hours c. 30.81 hours d. 32.90 hours
Under the _____, all sales have an implied warranty.
A. Label Law B. Lanham Act C. Bill of Rights D. Good Housekeeping Seal E. Uniform Commercial Code
Courts will consider the adequacy of the consideration when: A) one party clearly has the better side of the deal
B) one party has more business experience than the other. C) one party claims to have been defrauded. D) one party shows a much lower price nationally-advertised on television.