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NEW QUESTION 24
Which of the following options is an example of an expense?

A. Consumption of $500 of electricity for the head office buildingB. Purchase of a new vehicle for $30,000 by a delivery companyC. Purchase of $10,000 of fabric to be used by a clothing manufacturerD. Payment of $6,000 for vehicle insurance covering the next year

Answer: A

 

NEW QUESTION 25
The Beveridge curve displays the relationship between the unemployment rate and the job vacancy rate (the number of unfilled jobs divided by the labor force). A government official wants to forecast the job vacancy rate for next month to see whether jobs posted now are likely to be filled. The official runs a simple regression using monthly U.S. data from 20012013; the results are given below.

If the unemployment rate next month is expected to be 6.6% and the vacancy rate this month was 2.58%, by how much is the vacancy rate forecasted to change? Note that percentages are given as values between 0 and 1.

A. The job vacancy rate is forecasted to increase by 2.39 percentage points.B. The job vacancy rate is forecasted to decrease by 20.23 percentage points.C. The job vacancy rate is forecasted to decrease by 0.18 percentage points.D. The job vacancy rate is forecasted to decrease by 3.88 percentage points.

Answer: C

 

NEW QUESTION 26
Company B has the following summarized Statement of Cash Flows for the year. Company B is MOST likely in what stage of the business life-cycle?

A. Profitable - moderate growthB. Declining - shrinkingC. Start-up - fast growingD. Mature - no growth

Answer: A

 

NEW QUESTION 27
What is the set of accounting standards most commonly used by companies outside the US?

A. Global Financial Accounting Standards (GFAS)B. International Financial Reporting Standards (IFRS)C. US Generally Accepted Accounting Principles (US GAAP)D. Convergence of International Financial Reporting Standards (IFRS) and US Global Financial Accounting Standards (US GFAS)

Answer: B

 

NEW QUESTION 28
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