Which of the following categories of investments are debt, but not equity, securities?
a. Trading securities
b. Held-to-maturity securities
c. Available-for-sale securities
d. Both trading and available-for-sale securities
B
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Both job order costing and process costing ________.
A) maintain a single Work-in-Process Inventory account B) treat all period costs as product costs C) follow last-in, first-out method for inventory valuation D) have the same type of product costs
________ leverage describes the effects that fixed costs have on operating income as changes occur in the units sold
a. Operating b. Buyout c. Financing d. Combined
Bradford Corporation reported net credit sales of $3,200,000 and cost of goods sold of $2,600,000 for 2012. On January 1, 2012, accounts receivable was $450,000. Amounts owed by customers increased by $50,000 during 2012. Rounding to two decimal places, what is Bradford's receivable turnover ratio for 2012?
A) 5.47 B) 6.40 C) 6.74 D) 7.11
The textbook reports that messages must benefit audiences—meaning that messages address audience interests and concerns. Which criterion would typically be the most important in public relations messages distributed through the mass media?
A. Audience impact D. Prominence B. Proximity E. Novelty or oddity C. Timeliness