A primary purpose of restricting the investment of idle cash balances to money market instruments is to:
A. obtain government guarantees on the investment.
B. maximize possible capital appreciation.
C. minimize transaction costs.
D. minimize interest-rate risk.
Answer: D
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Sharp Company manufacturers jeans. In June, Sharp made 1200 pairs of jeans, but had budgeted production at 1400 pairs of jeans. The allocation base for overhead costs is direct labor hours. The following additional data is available for the month:
Calculate the following variances:
a. Variable overhead cost variance
b. Variable overhead efficiency variance
c. Total variable overhead variance
d. Fixed overhead cost variance
e. Fixed overhead volume variance
f. Total fixed overhead variance
In M&M Proposition II the cost of equity changes with changes in the amount of debt financing. Which of the following is the correct formula for Proposition II?
A) Ke = Ku + (Ku - Kd) / ( ) B) Ke = Ku + (Ku - Kd) ( ) C) Ke = Ku + (Ku + Kd) ( ) D) Ke = Ku + (Ku + Kd) / ( )
Where is the remeasurement gain or loss reported in the parent company's financial statements?
A. Cumulative translation adjustment as a deferred asset. B. Other comprehensive income. C. Cumulative translation adjustment as a deferred liability. D. Net income/loss in the income statement. E. Retained earnings.
With reference to #43, which of the following RESPA forms must Ralph use?
A)?Ralph is not required to use any forms because RESPA does not apply B)?The YSP disclosure forms C)?The Affiliated Business Arrangement Form D)?The lawyer/client disclosure form