What is the significance of the line? LI EM { color: red; font-weight: bold }
a) It will apply the specified style to text enclosed by either LI or EM tags.
b) It will apply the specified style to text enclosed by the EM tags which are within LI tags.
c) It will apply the specified styel to text enclosed by the LI tags which are within EM tags
d) It will apply the specified style to text not enclosed by either LI or EM tags.
Ans: (b)
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Which of the following states that a company must perform strictly proper accounting only for items that are significant to the business's financial statements?
A) conservatism B) materiality concept C) disclosure principle D) consistency principle
Stover Corporation, a U.S. based importer, makes a purchase of crystal glassware from a firm in Switzerland for 39,960 Swiss francs, or $24,000, at the spot rate of 1.665 Swiss francs per dollar. The terms of the purchase are net 90 days, and the U.S. firm wants to cover this trade payable with a forward market hedge to eliminate its exchange rate risk. Suppose the firm completes a forward hedge at the 90-day forward rate of 1.682 Swiss francs. If the spot rate in 90 days is actually 1.615 Swiss francs, how much in U.S. dollars will the U.S. firm have saved or lost by hedging its exchange rate exposure? Do not round the intermediate calculations and round the final answer to the nearest cent.
A. $1,212.29 B. $926.47 C. $985.60 D. $965.89 E. $916.61
Under a 401(k) plan, what is compared to determine if the plan unfairly discriminates in favor of highly compensated employees?
A) the average percentage of salary made available to the highly compensated to defer is compared to the average percentage of salary made available to other eligible employees to defer B) the ratio of eligible highly compensated employees is compared to the ratio of eligible other employees C) the average percentage of salary deferred by the highly compensated is compared to the average percentage of salary deferred by other eligible employees D) the percentage of highly compensated employees over age 50 who participate is compared to the percentage of all other employees who participate
Fly High Airlines, an Australian airline, rebranded itself by using a kangaroo wearing a hat in its logo. Since the kangaroo is a significant cultural symbol in Australia, the company hoped that associating itself with such a national icon would enhance its popularity. Subsequently, the company also launched an ad campaign for the Save the Kangaroo Foundation. In this scenario, Fly High Airlines was using
A. trojan horse advertising. B. buzz marketing. C. guerilla marketing. D. image advertising. E. bait-and-switch advertising.