A79-year old widowed client telephones you, her representative, telling you the following: “i just received a phone call telling me that i have won the mega millions international lottery, and that in order to release my winnings, i must wire $10,000 to pay for the international taxes due.” she gives you the international wiring instructions and directs you to send out the wire. what action should you take? a follow the customer’s instructions b do not follow the customer’s instructions and freeze the account from all transactions or removal of assets c notify the trusted contact person on the account, who is listed as the client’s daughter, and place a hold on the requested wire transfer d close the account and reopen a new account in the name of the trusted contact person, who is listed as the client’s daughter

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.

Which term best describes the statement given below? if p = q and q = r, then p = r