To achieve both liquidity and an adequate return, you should consider investing in only one money market investment with a fixed interest rate and a long maturity date
Indicate whether the statement is true or false.
Answer: FALSE
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The cost of an equivalent unit is equal to:
a. A unit of work in process inventory. b. The amount of cost necessary to start a unit of production into work in process. c. The cost necessary to complete one unit of production. d. A unit of work in process inventory.
Which of the following is NOT a product cost under variable costing?
A) Direct materials B) Direct labor C) Variable manufacturing overhead D) Fixed manufacturing overhead
Mandisa Sounds, Inc, a specialty retailer of customized audio systems for automobiles, installed a perpetual inventory system in the second quarter of 2011. The new system allowed the firm to adjust its merchandise inventories to sales patterns more
effectively and to prepare monthly financial statements. Although the system led to an improvement in sales and income, the gross margin on the monthly income statements was falling below both management's expectations and the industry average. At the end of 2014, a physical inventory revealed that actual merchandise inventory was considerably lower than the perpetual inventory records indicated. The merchandise inventories of some stores were off more than others, but all had deficiencies. What probably caused these losses and what steps could be taken to prevent them in the future?
DECLARE order NUMBER(2) := 4; total_amt NUMBER(2);BEGIN total_amt := order * 8;END;According to the statement block above, what value is stored in the variable total_amt?
A. 4 B. 8 C. 12 D. 32