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Business

If the federal government has a budget deficit it can finance its spending by

A. selling corporate bonds.

B. selling municipal bonds.

C. selling Treasury bonds.

D. All the above.

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Business

A check originally payable to cash, but subsequently indorsed with the words "pay to Li Ping," must be negotiated as:

(A) a bearer instrument by delivery only.

(B) a conditional I. O. U.

(C) an order instrument by indorsement and delivery.

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Business

All of the following are true of the real interest rate except it Is equal to the nominal interest rate minus the anticipated rate of inflation. Is stabilized by ARMs. Is the inflation-adjusted rate of interest. Equals the foreign exchange rate minus the inflation rate.

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Business

The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries $1,250,000 Social security tax withheld 75,000 Medicare tax withheld 18,750 Federal income tax withheld 250,000 In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.6%, respectively, on $225,000 of salaries. Required: a. Journalize the entry to record the payroll for the week of April 29. b. Journalize the entry to record the payroll tax expense incurred for the week of April 29.

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Business

Postal Express has outlets throughout the world. It also keeps funds for transactions purposes in many foreign countries. Assume in 2010 it held 240,000 reals in Brazil worth 170,000 dollars. It drew 12 percent interest, but the Brazilian real declined 24 percent against the dollar. a. What is the value of its holdings, based on U. S. dollars, at year-end

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Business

John owns a thoroughbred horse named Prince Charming that just ran in the Kentucky Derby. Prince Charming came in last, much to John's frustration and embarrassment. John exclaims in a loud voice, "I'm selling that horse to the first person who hands me $100!" John has

A. made an offer to anyone within hearing distance and will be bound by his offer to the first person who produces $100.

B. made a firm offer and will be bound by his offer for a reasonable period of time.

C. made an acceptance to the first person who can produce $100.

D. not made an offer because under the circumstances a reasonable person would not conclude that John had intent to make an offer.

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Business

The board of directors oversees and ratifies strategic decisions and evaluates, rewards, and, if necessary, penalizes top managers. a. True b. False

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Business

The type of life insurance often used as mortgage insurance is:

a. decreasing term.

b. universal life.

c. whole life.

d. homeowners insurance.

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Deangelo Griffin

Business

What is professional liability insurance? A. error and omissions insurance that protects against lawsuits B. short term insurance that protects professional in between jobs C. medical insurance that pays medical bills for on the job injuries D. life insurance provided by employers for professionals only

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Business

Which of the following includes the set of interpersonal issues that need to be addressed according to the group development model?

a. Purpose, methods, and outcomesb. Trust, personal comfort, and securityc. Trust, personal comfort, and outcomes of the groupd. Mission of the group, personal comfort, and control

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Business

Merry Maidens Cleaning generally charges $300 for a detailed cleaning of a normal-size home. However, to generate additional business, Merry Maidens is offering a new-customer discount of 10%. On May 1, Ms. E. Pearson has Merry Maidens clean her house and pays cash equal to the discounted price. Record the revenue earned by Merry Maidens Cleaning on May 1.

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Business

In the Keynesian-cross model, fiscal policy has a multiplied effect on income because fiscal policy: changes income, which changes consumption, which further changes income. is government spending and, therefore, more powerful than private spending. changes the interest rate. increases the amount of money in the economy.

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Jeremiah Rangel

Business

Weighted Average Cost Flow Method Under Perpetual Inventory System The following units of a particular item were available for sale during the calendar year: Jan. 1 Inventory 4,000 units at $20 Apr. 19 Sale 2,500 units June 30 Purchase 6,000 units at $24 Sept. 2 Sale 4,500 units Nov. 15 Purchase 1,000 units at $25 The firm uses the weighted average cost method with a perpetual inventory system.

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Business

An elderly customer has a discretionary account with your firm. The power of attorney signed by the customer for the account is durable. If the customer becomes mentally incapacitated, the registered representative handling the account:

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Business

Calgary Industries is preparing a budgeted income statement for 2018 and has accumulated the following information. Predicted sales for the year are $730,000 and cost of goods sold is 40% of sales. The expected selling expenses are $81,000 and the expected general and administrative expenses are $90,000, which includes $23,000 of depreciation. The company's income tax rate is 30%. The budgeted net income for 2018 is:

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