Answer:
A
Explanation:
It would not be C because it is not specific enough. Moe must feel confident enough about the exam that does not feel the need to study on this particular night, and that his time would be better spent with Curly.
Answer:
1. Under the Securities Act of 1933, initial purchasers of securities may sue the auditors for misleading audited financial statements and need not prove that they relied on the financial statements. The burden of proof is on the auditors to prove that they were <u>relied</u> in the performance of their work.
2. When CPAs are associated with <u>unaudited financial statements
</u>
, a possibility exists that the client may misinterpret the extent of the CPAs' services and believe that the accountants are acting as auditors.
3. A document including audited financial statements that must be filed with the SEC by any company intending to sell its securities to the public through the mails or interstate commerce is called a <u>Form S-1.</u>
4. When damage to another is directly attributable to a wrongdoer's act, <u>proximate cause</u> is said to exist.
5. An <u>engagement letter</u> is the written contract summarizing the relationship between the auditors and the client.
Answer:
B. Class tensions will lead to the end of market economies.
Explanation:
According to the Marxists theory, the tension between the capitalist and the working class gives birth to the class conflict in the society. It is tension that is created as the result of the exploitation and conflict between the two. This conflict further would initiate a revolution among the working class that would turn the capitalist class upside down. The exploitation faced by the working class by the capitalists is the major force that would turn them to be rebellious.
Answer:
B. $132,000.
Solution : Segment margin is calculated by deducting all expenses that are directly traceable to the segment. it doesn't include corporate common expenses.
So, Contribution = 50000 x(10-6) = $ 200000
Less : Direct fixed cost ($ 68000)
Segment Margin $ 132000
Answer: $32.70
Explanation:
According to the dividend discount model, the value of the stock today is the present value of the dividends to be paid plus the present value of the value of the dividend from when the company starts maintaining a stable growth rate which in this question in year 2.
= (Year 1 Dividend / ( 1 + r)) + (Year 2 Dividend / ( 1 + r)²) + (value at year 2 / ( r - g))
Value at year 2 = Year 3 dividend / ( required return - growth rate)
= ( Year 2 dividend * (1 + g)) / ( required return - growth rate)
= (2.46* ( 1 + 0.039)) / ( 0.113 - 0.039)
= $34.54
Value today = (Year 1 Dividend / ( 1 + r)) + (Year 2 Dividend / ( 1 + r)²) + (value at year 2 / ( r - g))
= 3.15/1.113 + 2.46/1.113² + 34.54/1.113²
= 2.83 + 1.99 + 27.88
= $32.70