Of the three styles of leadership, the most effective is the participative style.
Answer the following statement true (T) or false (F)
False
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Disregarding risk, if money has time value, it is impossible for the future value of a given sum to exceed its present value.
Answer the following statement true (T) or false (F)
When the market rate of interest is greater than the contract rate of interest, the bonds should sell at
A) a premium. B) par value. C) a discount. D) face value.
Answer the following statements true (T) or false (F)
1. Long-term investments include debt and equity securities that the investor expects to hold longer than one year or debt or equity securities that are not readily marketable. 2. Held-to-maturity debt investments are categorized as long-term assets on the balance sheet, regardless of the maturity date. 3. Trading debt investments are categorized as current assets. 4. Trading debt investments are debt securities which the investor intends to sell in the very near future with the intent of generating a profit on the quick sale.
The static budget, at the beginning of the month, for Beacon Banner Company follows:
Static budget: Sales volume: 1100 units; Sales price: $70.00 per unit Variable costs: $33.00 per unit; Fixed costs: $37,800 per month Operating income: $2900 Actual results, at the end of the month, follows: Actual results: Sales volume: 995 units; Sales price: $75.00 per unit Variable costs: $35.00 per unit; Fixed costs: $35,000 per month Operating income: $4800 Calculate the sales volume variance for revenue. A) $2800 U B) $7350 U C) $3885 U D) $4975 F