The Securities Act of 1933:

a. primarily regulates the original issuances of securities.

b. contains civil, but not criminal penalties, for violations.

c. regulates the trading of securities after their original sale.

d. applies any time a security is sold by an issuer.


a

Business

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Which of the following would not affect Factory Overhead when adjusting entries are made?

a. Utilities Expense; b. Bad Debt Expense; c. Factory Supplies Expense; d. Insurance Expense; e. Depreciation Expense

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Identify four steps to take when responding to rumors and encountering negative information on social media

What will be an ideal response?

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At the beginning of the month, the Painting Department of Skye Manufacturing had 20,000 units in inventory, 70% complete as to materials, and 20% complete as to conversion. During the month the department started 115,000 units and transferred 120,000 units to the next manufacturing department. At the end of the month, the department had 15,000 units in inventory, 40% complete as to materials and 10% complete as to conversion. If Skye Manufacturing uses the weighted average method of process costing, compute the equivalent units for materials and conversion respectively for the Painting Department.

A. 126,000 materials; 117,500 conversion. B. 112,000 materials; 117,500 conversion. C. 112,000 materials; 121,500 conversion. D. 126,000 materials; 121,500 conversion. E. 121,500 materials; 126,000 conversion.

Business

You have been asked to analyze two stocks, Stock A and Stock B. The beta of stock A is 1.2, and the beta of stock B is 0.8. The expected return on stock A is 13.5%, the expected return on stock B is 11.0% and the risk-free rate is 7%

We also know that stock A is fairly priced. Which of the following regarding Stock B must be true? A) The expected return on stock A is too high. B) Stock B is also fairly priced. C) The price of stock B is too high. D) The expected return on stock B is too high.

Business