The monetary contributions that the owners of IBM pay for shares of the company's stock are ____ resources for IBM.
A. material
B. financial
C. informational
D. human
E. manufacturing
Answer: B
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The cost of going to an ATM is $2 in an economy. If the nominal interest rate in the economy is 1 percent, what is the total cost associated with holding cash for an individual who spends $15 daily and has a 9 percent probability of having his cash lost or stolen? Assume that he visits the ATM once in every T days.
A. (365/T) + (0.75 ×T) B. (730/T) + (0.75 ×T) C. (730/T) + (1.5 ×T) D. (365/T) + (1.5 ×T)
The percentage-of-completion method
a. recognizes a portion of the contract price as revenue during each accounting period of construction. b. bases the amount of revenue, expense, and income on the proportion of total work performed during the accounting period. c. measures the proportion of total work carried out during the accounting period either from engineers' estimates of the degree of completion or from the ratio of costs incurred to date to the total costs expected for the entire contract. d. all of the above. e. none of the above.
Answer the following statements true (T) or false (F)
According to SFAS No. 142, goodwill is an intangible asset with an indefinite life.
Which of the following is an accurate description of wrongful dishonor of a check?
A) A bank refusing to honor a properly payable check when there are sufficient funds in the drawer's account. B) A bank refusing to honor a certified check when it is presented for payment more than a year from its date of issue. C) A bank refusing to honor a check which has been outstanding for only a few days more than six months from the date of issue. D) A bank refusing to honor an ordinary check when it believes that the payee has altered the amount on the check.