When a brokerage firm demands more collateral from investors who have borrowed from the brokerage firm to buy stocks, it is making a
a. margin call.
b. short sale
c. proxy fight.
d. hedge.
a
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Brand-loyal consumers purchase only one particular brand and do not respond to consumer promotions unless it is for their particular brand
Indicate whether the statement is true or false
Types of Audit Opinions For the past five years, Clark CPAs has audited the financial statements of a manufacturing company. During this period, the audit scope was limited by the client as to the observation of the annual physical inventory. Because
Clark CPAs considers the inventories to be material and was not able to satisfy the audit requirements by using other auditing procedures, the firm was unable to express an unqualified opinion on the financial statements in each of the five years. The CPA was allowed to observe physical inventories for the current year ended December 31, 2014, because the client's bank would no longer accept the audit reports. However, to minimize audit fees, the client requested that the CPA not extend audit procedures to the inventory as of the beginning of the year, January 1, 2014. REQUIRED: Which type of audit report would you suggest be issued this year and why?
Matt does not feel engaged at work. He does not feel this is important for his job performance. Which of the following is a job resource that could alter his thinking?
A. performance feedback B. less coaching C. lower support from colleagues D. high job demands
Which of the following is a fixed cost?
A) inventory B) rent C) delivery costs D) direct labor