Materials used in the manufacturing process that do not become a significant part of the finished products are called
a. indirect materials.
b. operating expenses.
c. direct materials.
d. administrative expenses.
a
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On November 1, Alan Company signed a 120-day, 12% note payable, with a face value of $9900. What is the adjusting entry for the accrued interest at December 31 on the note? (Use 360 days a year.)
A. Debit Interest Payable, $396; credit Interest Expense, $396. B. Debit Interest Expense, $264; credit Interest Payable, $264. C. Debit Interest Expense, $198; credit Interest Payable, $198. D. Debit Interest Payable, $132; credit Interest Expense, $132. E. No adjusting entry is required.
Analysts deciding between investments must consider the comparative risks. Which of the following is/are industry-wide factors that affect the risk of business firms?
a. increased competition b. increased government regulatory actions, such as anti-trust or clean environment policies c. changes in technology d. lack of availability of raw materials e. all of the above
SQL is an international standard language for processing a database.
Answer the following statement true (T) or false (F)
As randomly selected securities are combined to create a portfolio, the ________ risk of the portfolio decreases until 10 to 20 securities are included. The portion of the risk eliminated is ________ risk, while that remaining is ________ risk
A) diversifiable; nondiversifiable; total B) relevant; irrelevant; total C) total; diversifiable; nondiversifiable D) total; nondiversifiable; diversifiable