Final Exam

Status

Exam

Until it was abandoned in 1933, what

was the substance that was used as

commodity money to give paper

money an intrinsic value in the United

States?

A. Cooper

B. Zinc

C. Steel

D. Gold

A manager is holding a $1.2 million stock portfolio with a beta of 1.01. She would like to hedge the risk of the portfolio using the S&P 500 stock index futures contract.

In a positive response to a claim request where the customer is at fault, the opening contai

When the general price level in our economy increases, the following effects occur except : A. The purchasing power of people's savings will increase B. The interest rate will also tend to increase C.

Ellen's tax client, Tom, is employed at a large company that offers health care flexible spending accounts to its employees.

Identify with extreme precision the following types of assets: An Algerian company issues bonds denominated in USD in Singapore. An Algerian company issues bonds denominated in EUR in Singapore. A Swiss company issues CHF bonds in London.

TL Company has outstanding debt of $50 that is due in one year. However, given the financial distress costs, the debtholders will only receive $40 if the firm does well and $15 if it does poorly.

A "universal product code" (upc) : 1. was required by the federal fair packaging and labeling act. 2. slows down the retail checkout process. 3. all of the above are true. 4. involves placing the price per ounce on or near the product. 5.

On September 15, 2021, Oliver's Mortuary received a $3,600, nine-month note bearing interest at an annual rate of 14% from the estate of Jay Hendrix for services rendered. Oliver's has a December 31 year-end.

The fixed-order quantity inventory model is more appropriate for important items such as critical repair parts because there is closer monitoring and therefore quicker response to a potential stockout. a) trueb) false

Requiring segregation of duties in a business eliminates the need for the work of one employee to serve as a check on the work of other employees.