Quiz

1. If you maintain a good driving record, your car insurance company may

reward you with

Luisa is concerned about spending too much money eating out. Which of the following budget adjustment would not benefit her budget?

Scenario 4 You are an 9th grade student. Since the 7th grade you have been on the middle school cheerleading squad. You recently tried out for the high school team for this year. You were notified that you made the team.

The finished goods inventory estimated for March 1, for the Bath and Gym scale models is 11,800 and 8,100 units, respectively.

Use the following information to determine whether the Development Special Revenue and the Debt Service Funds should be reported as major funds based on asset amounts provided.

Danny has just started a new job. His coworkers tell him that their manager is very unselfish and always keeps his promises. In addition, he is the leading expert in the company on product and development.

Investment in depreciable equipment$560,000 Annual net cash flows $82,000 Life of the equipment 16years Salvage value$0 Discount rate 9% The company uses straight-line depreciation on all equipment.

Which of the following statements is true? (A) A test with a high cost may also be high value. (B) A test with a low cost is always of low value. (C) Cost and value have the same definition. (D) None of the above

Which term refers to the practice of revaluing an acquired subsidiary's assets and liabilities to their fair values directly on that subsidiary's books at the date of acquisition?

Supply-side market failures occur because it is impossible in certain cases for sellers to charge consumers what they are willing to pay for a product. a. True b. False

A fee is paid a. for each overdraft. c. monthly to have overdraft. b. for the first overdraft. d. annually to have overdraft.