As a representative of clientele orientation, we promise if you fail the practice exam after buying our BEC Braindumps Downloads training quiz, we will give your compensatory money full back. We keep raising the bar of our BEC Braindumps Downloads real exam for we hold the tenet of clientele orientation. According to former exam candidates, more than 98 percent of customers culminate in success by their personal effort as well as our BEC Braindumps Downloads study materials. If our candidates have other things, time is also very valuable. It is very difficult to take time out to review the BEC Braindumps Downloads exam. There is no doubt that you can get a great grade.
Our BEC Braindumps Downloads practice materials are really reliable.
If you do not have extraordinary wisdom, do not want to spend too much time on learning, but want to reach the pinnacle of life through BEC - CPA Business Environment and Concepts Braindumps Downloads exam, then you must have BEC - CPA Business Environment and Concepts Braindumps Downloads question torrent. By practicing our BEC Practice Test Online learning materials, you will get the most coveted certificate smoothly. Our BEC Practice Test Online study quiz will guide you throughout the competition with the most efficient content compiled by experts.
Our BEC Braindumps Downloads study materials are easy to be mastered and boost varied functions. We compile Our BEC Braindumps Downloads preparation questions elaborately and provide the wonderful service to you thus you can get a good learning and preparation for the BEC Braindumps Downloads exam. After you know the characteristics and functions of our BEC Braindumps Downloads training materials in detail, you will definitely love our exam dumps and enjoy the wonderful study experience.
AICPA BEC Braindumps Downloads - It is very easy and convenient to use and find.
As the employment situation becoming more and more rigorous, it’s necessary for people to acquire more BEC Braindumps Downloads skills and knowledge when they are looking for a job. Enterprises and institutions often raise high acquirement for massive candidates, and aim to get the best quality talents. Thus a high-quality BEC Braindumps Downloads certification will be an outstanding advantage, especially for the employees, which may double your salary, get you a promotion. So choose us, choose a brighter future.
Their masterpieces are instrumental to offer help and improve your performance in the real exam. Being dedicated to these practice materials painstakingly and pooling useful points into our BEC Braindumps Downloads exam materials with perfect arrangement and scientific compilation of messages, our BEC Braindumps Downloads practice materials can propel the exam candidates to practice with efficiency.
BEC PDF DEMO:
QUESTION NO: 1
In 1992, Anchor, Chain, and Hook created ACH Associates, a general partnership. The partners orally
agreed that they would work full time for the partnership and would distribute profits based on their capital
contributions. Anchor contributed $5,000; Chain $10,000; and Hook $15,000.
For the year ended December 31, 1993, ACH Associates had profits of $60,000 that were distributed to
the partners. During 1994, ACH Associates was operating at a loss. In September 1994, the partnership
dissolved.
In October 1994, Hook contracted in writing with Ace Automobile Co. to purchase a car for the partnership.
Hook had previously purchased cars from Ace Automobile Co. for use by ACH Associates partners.
ACH
Associates did not honor the contract with Ace Automobile Co. and Ace Automobile Co. sued the partnership and the individual partners.
Determine whether (A) or (B) is correct. Select the answer that corresponds to the correct statement.
A. ACH Associates and Hook would be the only parties liable to pay any judgment recovered by Ace
Automobile Co.
B. Anchor, Chain, and Hook would be jointly and severally liable to pay any judgment recovered by
Ace
Automobile Co.
Answer: B
Explanation:
Choice "b" is correct. Since Ace brought suit against both the partnership and the individual partners, if
judgment is rendered against the partnership, all partners could be held jointly and severally liable.
QUESTION NO: 2
The theory underlying the cost of capital is primarily concerned with the cost of:
A. Long-term funds and old funds.
B. Short-term funds and new funds.
C. Long-term funds and new funds.
D. Any combination of old or new, short-term or long-term funds.
Answer: D
Explanation:
Choice "d" is correct. The cost of capital considers the cost of all funds - whether they are short-term, long-term, new or old.
Choices "a", "b", and "c" are incorrect, per above.
QUESTION NO: 3
Which one of the following is not a characteristic of a negotiable certificate of deposit?
Negotiable
certificates of deposit:
A. Have a secondary market for investors.
B. Are regulated by the Federal Reserve System.
C. Are usually sold in denominations of a minimum of $100,000.
D. Have yields considerably greater than bankers' acceptances and commercial paper.
Answer: D
Explanation:
Choice "d" is correct. Negotiable CDs generally carry interest rates slightly lower than bankers' acceptances (which are drafts drawn on deposits at a bank) or commercial paper (which is unsecured debt issued by credit worthy customers).
Choice "a" is incorrect. Negotiable CDs have a formal secondary market.
Choice "b" is incorrect. Negotiable CDs are a product of the banking industry, which is regulated by the
Federal Reserve Board.
Choice "c" is incorrect. Negotiable CDs are usually sold in denominations of a minimum of $100,000.
QUESTION NO: 4
The president of a company has signed a $10 million contract with a construction company to build a new
corporate office. Which of the following corporate documents sets forth the scope of authority under which
this transaction is governed?
A. Certificate of Incorporation.
B. Charter.
C. Bylaws.
D. Proxy statement.
Answer: C
Explanation:
Choice "c" is correct. The bylaws usually contain the rules for running the corporation. Choices "a" and "b"
are incorrect. These are possible choices, but not as good an answer as "c". A corporation's articles of incorporation (called a charter in a few states) must set out certain information relevant to formation of the
corporation, but it may include any other information that it is not illegal. However, usually details about
intracorporate power are set out in bylaws rather than in the articles or charter.
Choice "d" is incorrect. A proxy statement is a request to shareholders to allow their shares to be voted by
a specified person in a specified way. It has nothing to do with a corporate president's authority.
QUESTION NO: 5
Which of the following is incorrect with regard to value chain analysis?
A. Value chain analysis must be used in conjunction with the strategic plan of the organization.
B. Value chain analysis is critical to assessing the competitive advantage of a firm.
C. Value chain analysis is a strategic tool that assists the firm in determining how important the perceived
value of the buyers is with respect to the market the firm operates in.
D. The value chain starts with the firm and goes all the way through to the end users of the product.
Answer: D
Explanation:
Choice "d" is an incorrect statement and the correct choice. The best description of a value chain is that
value starts with the suppliers who provide the raw materials for a production process, continues with the
firm and its strategic plan, continues with the value created by the customers, and then ends with th e
disposal and recycling of the materials.
Choices "a", "b", and "c" are incorrect, as all are correct statements with regard to value chain analysis.
Huawei H31-311_V2.5 - There is an old saying goes, good memory is inferior to sodden ability to write, so we believe that it is a highly productive way for you to memory the knowledge point and review the reference books more effectively. EMC D-CSF-SC-23 exam questions can fuel your speed and help you achieve your dream. Our working staff regards checking update of our Adobe AD0-E903 preparation exam as a daily routine. Microsoft MB-700 - But if you buy our CPA Business Environment and Concepts test torrent you only need 1-2 hours to learn and prepare the exam and focus your main attention on your most important thing. So if you are in a dark space, our VMware 2V0-32.22 exam questions can inspire you make great improvements.
Updated: May 26, 2022