While preparing its bank reconciliation, how should nordstrom record funds approved by visa but not yet received since the transfer may take up to two days?

Some colleges charge all students the same "activity fee." Suppose that students differ by how many campus activities they engage in. This charge is most like a. an excise tax which conforms to the benefits principle. b.

Information related to Sheridan Company: Oct. 1 Diane Lexington begins business as a real estate agent with a cash investment of $19,900 in exchange for common stock. 2 Hires an administrative assistant.

Risk and Return. Suppose that the risk premium on stocks and other securities did, in fact, rise with total risk (i. e., the variability of returns) rather than just market risk.

The information below applies to a competitive firm that sells its output for $40 per unit. • When the firm produces and sells 150 units of output, its average total cost is $24.50.

The accrual of interest on a note payable will: A. Reduce total liabilities. B. Increase total liabilities. C. Have no effect upon total liabilities. D. Will have no effect upon the income statement but will affect the balance sheet.

Which of the following would not be considered internal users of accounting data for a company? The controller of a company. Salesmen of the company. Creditors of a company. The president of a company.

Which best describes the function of the federal reserve system Administration of taxes Control of money supply Oversight of international trade Regulation of commerce

Fuente, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $1,030 2 1,260 3 1,480 4 2,220 a. If the discount rate is 8 percent, what is the future value of these cash flows in Year 4? b.

Suppose that borrowing is restricted so that the zero-beta version of the CAPM holds. The expected return on the market portfolio is 17%, and on the zero-beta portfolio it is 8%. What is the expected return on a portfolio with a beta of 0.

You've written a check to Goodwill Supply, and the check has been lost. What should you do? A. Stop payment on the first check; then write a second one. B. Send a counter check to Goodwill. C. Write another check immediately. D.