Using the S&P 500 portfolio as a proxy of the market portfolio

A) is appropriate because U.S. securities represent more than 60% of world equities.
B) is appropriate because most U.S. investors are primarily interested in U.S. securities.
C) is appropriate because most U.S. and non-U.S. investors are primarily interested in U.S. securities.
D) is inappropriate because U.S. securities make up less than 41% of world equities.
E) is inappropriate because the average U.S. investor has less than 20% of his or her portfolio in non-U.S. equities.

Contract law does not distinguish between moral and legal obligations.

Home Made Inc. advertises a variety of household products online. In this context, the company's ads must be

A) truthful.
B) forceful.
C) colorful.
D) all of the choices.

According to Robert Gagné, which of the following is generally related to the learning outcomes associated with intellectual skills?

A) being able recall the capital of Argentina
B) being able to remember the last three Stanley Cup winners
C) being able to recite the alphabet
D) being able to operate a tractor

Ordering more of a particular item every time an inventory level falls to a predetermined point is called the ___.

A) inventory control number
B) quality control paradox
C) economic order quantity
D) break-even quantity
E) fixed quantity inventory

Journalize the following transactions assuming a perpetual inventory system:
May 5
Purchased merchandise from Archie Co., $6,000, terms FOB shipping point, 2/10, n/30.Prepaid freight costs of $100 were added to the invoice.12
Issued a debit memo to Archie Co. for $2,500 of merchandise returned from purchase on May 5.14
Paid Archie Co. for invoice of May 5, less debit memo of May 12.

Equivalent units for materials total 40000. There were 32000 units completed and transferred out. Equivalent units for conversion costs equal 36000. How much are the physical units for conversion costs if ending work in process is 50% complete?

A) 36000.
B) 40000.
C) 8000.
D) 32000.