In the simplest type of ownership, property is owned by a partnership
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements is CORRECT?
A. Under the tax laws as they existed in 2017, a dollar received by an individual taxpayer as interest income is taxed at the same rate as a dollar received as dividends. B. One nice feature of dividend reinvestment plans (DRIPs) is that they reduce the taxes investors would have to pay if they received cash dividends. C. Empirical research indicates that, in general, companies send a negative signal to the marketplace when they announce an increase in the dividend. As a result, share prices fall when dividend increases are announced because investors interpret the increase as a signal that the firm expects fewer good investment opportunities in the future. D. If a company needs to raise new equity capital, a new-stock dividend reinvestment plan would make sense. However, if the firm does not need new equity, then an open market purchase dividend reinvestment plan would probably make more sense. E. Dividend reinvestment plans have not caught on in most industries, and today over 99% of all DRIPs are offered by utilities.
Vertical business relationships:
a. concern up-turns and down-turns in industry sales that impact investments b. primarily concern retailer pricing practices c. concern relations among firms at different levels, such as manufactures and wholesalers d. are per se illegal e. concern dealings among firms at the same level of business
The standards for product V28 call for 7.5 pounds of a raw material that costs $18.10 per pound. Last month, 1,400 pounds of the raw material were purchased for $24,990. The actual output of the month was 160 units of product V28. A total of 1,300 pounds of the raw material were used to produce this output.The direct materials purchases variance is computed when the materials are purchased.Required:a. What is the materials price variance for the month?b. What is the materials quantity variance for the month?
What will be an ideal response?
When the U.S. government spends more than it receives within a fiscal year, this is called the
A. economic debt. B. federal deficit. C. fiscal debt. D. national debt. E. consumer debt.