A "spider" is an example of a broad market exchange-traded fund
Indicate whether the statement is true or false
TRUE
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Which of the following statements correctly differentiates between commodity money and fiat money?
A. Commodity money is created by the government while fiat money is created in the private sector. B. Fiat money is created by the government while commodity money is created by the government. C. Commodity money can be used for transactions in the international market, while fiat money cannot be used for transactions in the international market. D. Fiat money has value decreed by the government, while commodity money is valued because of the material it is made of.
An unsolicited job application letter should begin with a statement designed to get the reader's attention
Indicate whether the statement is true or false.
The budget committee oversees each stage in the preparation of a master budget
Indicate whether the statement is true or false
Kekiwi Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During January, the company budgeted for 6,900 units, but its actual level of activity was 6,910 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for January:Data used in budgeting: Fixed Element per MonthVariable element per unitRevenue - $39.30 Direct labor$0 $3.10Direct materials 0 18.90Manufacturing overhead 45,900 1.70Selling and administrative expenses 27,000 0.30Total expenses$72,900 $24.00?Actual results for January: Revenue$281,473Direct labor$20,591Direct materials$134,889Manufacturing overhead$57,087Selling and administrative
expenses$28,063?The net operating income in the flexible budget for January would be closest to: A. $40,902 B. $40,784 C. $32,823 D. $32,670