Which of the following would be included in cash and cash equivalents on the balance sheet?
A) sinking fund
B) bank overdrafts
C) commercial paper
D) compensating balances
C
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________ is the use of material nonpublic information about a company or the securities market to buy or sell securities for personal gain
A. Insider trading B. Safeguarding C. Dumping D. Expropriation
Cambridge Roller Skates has three product lines—D, E, and F
The following information is available: D E F Sales revenue $70,000 $50,000 $30,000 Variable costs (30,000 ) (10,000 ) (12,000 ) Contribution margin $40,000 $40,000 $18,000 Fixed costs (20,000 ) (5,000 ) (25,000 ) Operating income (loss) $20,000 $35,000 $(7,000 ) The company is deciding whether to drop product line F because it has an operating loss. Assume that $21,000 of total fixed costs could be eliminated by dropping F. What effect would this decision have on operating income? A) Operating income will increase by $25,000. B) Operating income will increase by $3,000. C) Operating income will decrease by $25,000. D) Operating income will decrease by $3,000.
The Revised Act provides that only one person need act as the incorporator, though more may do so
Indicate whether the statement is true or false
A company has two products: AA and BB. It uses a plantwide overhead allocation method based on activity 33 and has prepared the following analysis showing budgeted costs and activities. Use this information to compute the company's plantwide overhead rate.
