Which of the following statements is true of fixed and variable costs?
A) Both costs are constant when considered on a total basis.
B) Variable costs are constant in total, and fixed costs are constant per unit.
C) Both costs are constant when considered on a per unit basis.
D) Fixed costs are constant in total, and variable costs are constant per unit.
D
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In a firm with proper segregation of duties, adequate supervision is most critical in
a. purchasing b. receiving c. accounts payable d. general ledger
The interest on a three-month, 12 percent, $16,200 note receivable is
A) $486. B) $162. C) $324. D) $1,944.
Angelina owned a lot near a lake. Although she never had permission from the owner of the adjoining land, each weekend when she camped on her lot she crossed his land to take her boat to the boat ramp at the lake. If Angelina continued this use of her neighbor's land for the number of years required by local statute, she would have
a. created a "profit.". b. an easement by prescription. c. a grant easement. d. a license to use her neighbor's land.
If two stocks have a correlation of +1, then the standard deviation of a portfolio between them is given by:
?p = w?1 + (1 - w)?2 Indicate whether the statement is true or false