A common practice today is to have shares of stock in ________, using the name of the brokerage as owner rather than you
A) street name
B) bearer name
C) your financial advisor's name
D) beneficiary name
Answer: A
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At Fred’s job in Bedrock, Mr. Slate expects every employee to arrive to work on time, to have their work completed on schedule, and to cash their paychecks within three days of receiving them. Mr. Slate’s attention to timeliness is something he is trying to instill in his employees. This is an example of which of the following?
A. assumption B. artifact C. value D. assimilation
Which of the following choices correctly shows how costs are accumulated in a process-costing system? By BatchBy Time PeriodBy Process or DepartmentA.YesYesYesB.YesYesNoC.NoYesNoD.NoYesYesE.NoNoYes
A. Choice A B. Choice B C. Choice C D. Choice D E. Choice E
A common stock currently has a beta of 1.3, the risk-free rate is an annual rate of 6 percent, and the market return is an annual rate of 12 percent
The stock is expected to generate per-share benefits of $5.20 during the coming period. A toxic spill results in a lawsuit and potential fines, and the beta of the stock jumps to 1.6. Assuming zero growth the new equilibrium, price of the stock ________. A) will be $37.68 B) will be $43.33 C) will be $33.33 D) cannot be determined from the information given
Mcie Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:?Beginning inventories:??? Raw materials$33,000?? Work in process$20,000?? Finished goods$35,000??Estimated total manufacturing overhead at the beginning of the year$567,000??Estimated direct labor-hours at the beginning of the year36,000 direct labor-hoursResults of operations:?Raw materials purchased on account$497,000??Raw materials (all direct) requisitioned for use in production$452,000??Direct labor cost$591,000??Actual direct labor-hours45,000 direct labor-hours?Manufacturing overhead:??? Indirect labor cost$124,000?? Other manufacturing overhead costs
incurred$598,000??Cost of goods manufactured$1,557,000?Required:a. What is the ending balance in Raw Materials?b. What is the ending balance in Work in Process? What will be an ideal response?