Coefficient of variation is a measure of relative dispersion used in comparing the risks of assets with differing expected return
Indicate whether the statement is true or false
TRUE
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Before filing a derivative lawsuit, shareholders must:
a. notify the board that the corporation has been wronged and ask the board to bring suit in the name of the corporation directly. b. notify the Secretary of State that the corporation has been wronged and ask the Attorney General to file the lawsuit on behalf of the corporation. c. hold a special meeting, and a majority of the shareholders must vote to file the lawsuit. d. place the lawsuit on the company's proxy statement, and the proposal must receive a majority vote.
During the next-to-last stage of the organizational buying decision process, the organization
A. formally rates suppliers that were used. B. awards the contract. C. evaluates supplier facilities. D. drafts specifications. E. recognizes a need for change.
Greenbeans runs a big pig farm. Once the farm was far from town, but the town has grown and the farm is now many houses have been built near it. The stink from the farm might be a public nuisance
a. True b. False Indicate whether the statement is true or false
Eisentrout Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MachiningCustomizingMachine-hours 16,000 11,000Direct labor-hours 2,000 6,000Total fixed manufacturing overhead cost$104,000$56,400Variable manufacturing overhead per machine-hour$2.10 Variable manufacturing overhead per direct labor-hour $3.30During the current month the company started and finished Job T272. The following data
were recorded for this job:Job T272:MachiningCustomizingMachine-hours 60 30Direct labor-hours 10 60The estimated total manufacturing overhead for the Machining Department is closest to: A. $137,600 B. $310,933 C. $104,000 D. $33,600