An optimistic vacationer would opt for:
Final exams are almost here and once they are done, it will be time to reward myself with a well-deserved vacation. As a state employee, I haven't seen a raise since... well, ever. Thus an important criterion, in fact the most important criterion is to find an exotic region that can be visited inexpensively. There are three states of nature that could impact costs in these five areas of interest, and they correspond to the relative strength of the US Dollar against that region's dominant currency. Rather than squander my time doing any actual publishable research, instead I have determined the average cost per day to visit each region under each of the possible states of nature. This table, which should not be construed as actual vacation advice, appears below.
Region Strong Dollar Middling Dollar Weak Dollar
Eastern Europe 33 54 57
Southeast Asia 41 56 36
Australia 45 44 58
Galapagos Islands 37 35 26
Scandinavia 38 11 48
A) Scandinavia.
B) Galapagos Islands.
C) Australia.
D) Eastern Europe.
Answer: A
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A building with an appraisal value of $167,000 is made available at an offer price of $162,000 . The purchaser acquires the property for $25,000 in cash, a 90-day note payable for $75,000, and a mortgage amounting to $65,000 . The cost basis recorded in the buyer's accounting records to recognize this purchase is
a. $167,000 b. $162,000 c. $165,000 d. $140,000
Deed Manufacturers, a heavy machinery company, has employees belonging to the age group of 17 to 30. Todd, a 17-year-old, is prohibited from working with heavy machinery tools. Instead, he works in the mail room. Under the laws governing Fair Labor Standards Act (FLSA), which statement justifies the organization's decision to forbid Todd from doing heavy machinery work?
A. Todd cannot be employed in hazardous occupations because he is 17 years old. B. Todd is not a U.S. citizen, therefore he is prohibited from working in a hazardous environment. C. Todd is expected to work in a safe environment because he is male. D. Todd comes from an economically weaker background, therefore he is expected to perform clerical duties. E. Todd has not yet completed college, therefore he should only be given administrative duties.
Inventories ______.
A. have economic value B. are listed as current liabilities in a company’s balance sheet C. are subject to government inspection D. depend on the number of employees in the company
Name and describe the types of conditions, explain how conditions are created, and discuss whether it is important to identify the type of condition in a contract