Briefly describe the business practice of tying.

Which of the following is the best definition of transaction motive?

A) The costs associated with holding too little cash.
B) An automated teller machine card used at the point of purchase to avoid the use of cash. As this is not a credit card, money must be available in the user's bank account.
C) A chequing account in which a zero balance is maintained by transfers of funds from a master account in an amount only large enough to cover cheques presented.
D) The need to hold cash to satisfy normal disbursement and collection activities associated with a firm's ongoing operations.
E) A firm's desired cash level as determined by the trade-off between carrying costs and shortage costs.

When you're writing for mobile devices,use ________ to present the most important information first and provide successive layers of detail that readers can consume,if they want to.

A) an indirect approach
B) an inverted pyramid style
C) a data-dispersion approach
D) a curvilinear methodology

The courts will grant an order of specific performance to compel performance of a contract for personal services.

The stockholders' equity section of a company's year-end balance sheet follows:

The preferred stock has one year of dividends in arrears.Calculate the book value per common share.

Which of the following items should not be included in the cost of ending merchandise inventory?

A) purchased units in transit, shipped FOB shipping point
B) purchased units in transit, shipped FOB destination
C) units on hand in the warehouse
D) sold units in transit, not invoiced, and shipped FOB destination