Which of the following are primary markets?
A) The New York Stock Exchange
B) The U.S. government bond market
C) The over-the-counter stock market
D) The options markets
E) None of the above
E
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Each of the following items is considered a cash equivalent except:
A) a 30-day certificate of deposit. B) a 60-day corporate commercial paper. C) a 75-day U.S. Treasury bill. D) a 180-day note issued by a local government.
Which of the following statements about claims is most accurate?
A) If you expect that your claim will be granted, a letter or e-mail message is not necessary. B) Businesses will probably take a claim letter more seriously than an e-mail message or a telephone call. C) All claim messages should be written using the indirect strategy. D) Smart businesses dislike receiving claim messages because it means they did something wrong.
Cecilia's Day Spa, LLC, is a member-managed limited liability company. If the law in Cecilia's state is like the law in most states, unless the members have agreed otherwise, voting rights are apportioned according to
A. capital contributions. B. participation in management. C. the number of members. D. transactions with the firm.
Use the following labor budget data for Roy & Miller Accounting, LLP. Partner Salaries$400,000 Partner Benefits (40%) 160,000 Total Partner Compensation$560,000 Staff Accountant Salaries$600,000 Staff Benefits (40%) 240,000 Total Staff Compensation$840,000 The budgeted overhead cost for the year is $1,260,000. The company has estimated that one-third of the budgeted overhead cost is incurred to support the firm's two partners, and two-thirds goes to support the staff accountants. The current audit bid for Monoco Industries requires $18,000 in direct partner professional labor, $30,000 in direct staff accountant professional labor, $5,000 in direct material.What is the total budgeted compensation for both partners and staff accountants?
A. $600,000 B. $1,400,000 C. $1,000,000 D. $1,160,000 E. None of these answers is correct.