The custodial bank (located in the home country of the issuer) of an American Depository Receipt

a. Buys and sells the foreign shares based upon their inside information

b. Performs trading outside the U. S. on behalf of the ADR holders

c. Performs trading in the U. S. on behalf of the ADR holders

d. Holds foreign shares on deposit

e. Acts as a broker between U. S. investors and the foreign firm

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150

Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?

You hear your supervisor tell another supervisor that a fire drill will take place later today when the fire alarm sounds that afternoon you should