If a person installs an automatic sprinkler system to prevent serious fire damage, this action can be considered "insurance" as defined in the text
Indicate whether the statement is true or false
FALSE
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Comparisons between numerical data from different countries can be difficult because of all of the following EXCEPT:
A) units of measurement might differ. B) accuracy may vary across countries. C) frequency of census data collection can differ. D) differences in tax evasion rates affects reported business income. E) language differs across countries.
The great weakness of questionnaire design is lack of ________
A) precision B) accuracy C) theory D) consensus
Flexible manufacturing systems are
a. designed to provide more flexibility in a firm's manufacturing process by using computer-aided machinery. b. the same as computer-aided design systems. c. commonly used by firms that need to make large quantities of one product. d. are very complicated and cause increased defect rates in output.
Bettie Corporation uses a weighted-average process costing system to collect costs related to production. The following selected information relates to production for October: Materials ConversionUnits completed and transferred out 50,000 50,000 Equivalent units: work in process, October 31 10,000 4,000 Total equivalent units 60,000 54,000 Materials ConversionCosts in work in process on October 1$9,000 $5,400 Costs added to production during October 243,000 513,000 Total cost$252,000 $518,400 All materials at Bettie are added at the beginning of the production process.What total amount of cost should be assigned to the units in work in process on October 31? (Round your intermediate calculations to 2 decimal places.)
A. $ 80,400 B. $138,000 C. $ 78,500 D. $135,500