Which of the following issues would likely NOT be communicated to the public by the Centers for Disease Control?
a. threat of bioterrorism
b. information on deadly disease agents
c. public health threats
d. Homeland Security defense strategies
D
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Credit that requires collateral, which ensures payment of the loan, is referred to as ________
A) unsecured credit B) secured credit C) equal credit D) fair credit
Jeale Corporation is preparing its interim financial statements for the third quarter of calendar 2014. The following information was provided for the preparation of the statements:
1. Credit sales for the quarter $1,700,000 2. Cash sales for the quarter 800,000 3. Inventories, July 1 (FIFO cost method) 250,000 4. Cash purchases of inventory during the quarter 400,000 5. Inventory purchases made on account for the quarter 650,000 6. Estimated cost of goods sold ratio 45% 7. Selling and general administrative expenses paid 111,000 8. Effective corporate tax rate 28% 9. Loss on sale of securities sold on June 30, 2014 75,000 10. Annual insurance premiums paid on August 1(the 84,000 anniversary date of the policy) (Last year's insurance expense is included in general administrative expenses.) Additional information: At the end of the year, Jeale accrues its annual pension and depreciation expenses which amount to $60,000 and $42,000, respectively. Required: Prepare Jeale's interim income statement for the third quarter of calendar year 2014.