Which of the following statements is NOT CORRECT?
A. All else equal, bonds with longer maturities have more interest rate (price) risk than bonds with shorter maturities.
B. If a bond is selling at its par value, its current yield equals its yield to maturity.
C. If a bond is selling at a premium, its current yield will be greater than its yield to maturity.
D. All else equal, bonds with larger coupons have greater interest rate (price) risk than bonds with smaller coupons.
E. If a bond is selling at a discount to par, its current yield will be less than its yield to maturity.
Answer: D
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Which of the following statements is false?
A. The determination that an individual is a qualifying child of the taxpayer has the potential to impact the availability of certain credits for the taxpayer. B. There is no limit on the amount of gross income that a qualifying child may earn in a year. C. A qualifying relative may include an unrelated individual who is a member of the taxpayer's household for the year. D. A qualifying child must be the natural child, the adopted child, or the stepchild of the taxpayer.
Answer the following statements true (T) or false (F)
1. If a business operates in an industry that experiences significant cost changes, it would be to its benefit to use the first-in, first-out (FIFO) method. 2. Under the first-in, first-out (FIFO) method, prior period costs are not merged with current period costs.
A ________ is a particular event that must take place to give rise to a duty of performance of a contract
A) condition precedent B) condition subsequent C) substituted agreement D) compromise agreement
Canfield Technical School allocates administrative costs to its respective departments based on the number of students enrolled, while maintenance and utilities are allocated per square feet of the classrooms. Based on the information below, what is the total amount of maintenance cost to the Carpentry Department (rounded to the nearest dollar) if administrative costs for the school were $50,000, maintenance fees were $12,000, and utilities were $6,000? DepartmentStudents Classrooms Electrical 120 10,000 sq. ft. Welding 70 12,000 sq. ft. Accounting 50 8,000 sq. ft. Carpentry 40 6,000 sq. ft. Total 280 36,000 sq. ft.
A. $12,000. B. $2,000. C. $1,850. D. $1,714. E. $1,111.