Costs associated with fraudulent transactions include
A) additional fees and penalties imposed by card associations for accepting fraudulent transactions.
B) the cost of manually reviewing orders.
C) the revenue that is lost from rejecting orders that are valid.
D) all of the above.
D
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Xtra Company purchased a business from Argus for $96,000 above the fair value of its net assets. Argus haddeveloped the goodwill over 12 years. How much would Xtra amortize the goodwill for its first year?
a. not enough information to calculate amortization b. $7,000 c. $8,000 d. goodwill is not amortized
When using the effective interest method the amount of interest expense each period equals the
a. current market interest rate times the carrying value of the financial instrument at the date of issuance. b. current market interest rate times the carrying value of the financial instrument at the beginning of each period. c. historical market interest rate times the carrying value of the financial instrument at the date of issuance. d. historical market interest rate times the carrying value of the financial instrument at the beginning of each period. e. fair market interest rate times the carrying value of the financial instrument at the date of issuance.
When the owner invests equipment in a business,
A. assets increase and owner's equity decreases. B. liabilities decrease and owner's equity increases. C. assets and owner's equity increase. D. assets and revenue increase.
Stock A has a beta of 0.8 and Stock B has a beta of 1.2. 50% of Portfolio P is invested in Stock A and 50% is invested in Stock B. If the market risk premium (rM - rRF) were to increase but the risk-free rate (rRF) remained constant, which of the following would occur?
A. The required return would increase for both stocks but the increase would be greater for Stock B than for Stock A. B. The required return would decrease by the same amount for both Stock A and Stock B. C. The required return would increase for Stock A but decrease for Stock B. D. The required return on Portfolio P would remain unchanged. E. The required return would increase for Stock B but decrease for Stock A.