Looking at The Wall Street Journal you observe that the settlement price on a hypothetical 7-year, semiannual payment, 6% coupon Treasury note is 105-210. If the note has a $1,000 par value, what is the implied Treasury note rate? Do not round your intermediate calculations.
A. 5.04%
B. 4.33%
C. 5.34%
D. 3.83%
E. 4.28%
Answer: A
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Dotterel Corporation uses the variable cost concept of product pricing. Below is cost information for the production and sale of 35,000 units of its sole product. Dotterel desires a profit equal to a 11.2% rate of return on invested assets of $350,000. Fixed factory overhead cost $105,000 Fixed selling and administrative costs 35,000 Variable direct materials cost per unit 4.34 Variable direct
labor cost per unit 5.18 Variable factory overhead cost per unit .98 Variable selling and administrative cost per unit .70 The unit selling price for the company's product is: A) $16.32 B) $13.44 C) $12.10 D) $13.72
How many days do employees have to decide whether or not to maintain coverage of medical, dental, or optical benefits under the Consolidated Omnibus Budget Reconciliation Act?
A) 30 days after the employee has found new employment B) 60 days after the employee has found new employment C) 30 days after their coverage would ordinarily terminate D) 60 days after their coverage would ordinarily terminate
The times interest earned ratio is calculated by dividing interest expense by income before interest expense and income taxes.
Answer the following statement true (T) or false (F)
In Two Pesos, Inc v. Taco Cabana, Inc the Supreme Court held that a Mexican-style restaurant could not copy the decor of a competitor because of the law protecting:
a. copyrights b. patents c. trade names d. trade secrets e. none of the other choices