The required rate of return used in the net present value model can also be called the
A) hurdle rate
B) minimum acceptable rate of return
C) cost of capital
D) discount rate
E) all of these
E
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The entry to close operating expenses includes
a. debiting Operating Expenses. b. debiting Income Summary. c. debiting Retained Earnings. d. debiting Cost of Goods Sold.
On December 31, 2012, Bosco Corporation signed a one-year contract to provide services to Cosco Company for $120,000. Cosco will pay for the services on January 1, 2013. Using the accrual basis of accounting, when should Bosco Corporation recognize revenue?
A) On January 1, 2013, when the cash is received from Cosco. B) On December 31, 2013 (the end of the next year), when all services have been provided. C) Equally throughout the year 2013, as the revenue is earned. D) On December 31, 2012, when the contract is signed.
When materials are put into production, they are taken from the Raw Materials account and put into the Finished Goods Account
Indicate whether the statement is true or false
In terms of big data, what includes the uncertainty of data, including biases, noise, and abnormalities?
A. Velocity B. Veracity C. Volume D. Variety