List the three kinds of inventory accounts that are used by manufacturing companies. Briefly discuss what each account includes
What will be an ideal response
Raw Materials Inventory includes materials used to make a product.
Work-in-Process Inventory includes goods that are in the manufacturing process but are not yet complete.
Finished Goods Inventory includes completed good that have not yet been sold.
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The cost to defend a patent successfully should be expensed in the period incurred
Indicate whether the statement is true or false
Give two reasons why oversight is important to a project manager.
Fill in the blank(s) with the appropriate word(s).
Which of the following is correct under the Second Restatement with regard to actual notice to a third party of the termination of an agent's authority to act on behalf of the principal?
A) Publication in a newspaper of general circulation in the area is sufficient if the third party is one with whom the agent had previously dealt on credit. B) If notice is given by mail, it is effective as actual notice upon delivery to the third party. C) A personal telephone call to the third party will not suffice, because actual notice must be in writing. D) Actual notice is not required when the agent has been specially accredited to deal with the third party.
A portfolio has a total return of 10.5%, a beta of 0.72 and a standard deviation of 6.3%. The risk free rate is 3.8%, the market return is 12.4%. Jensen's measure of this portfolio's performance is
A) 0.5%. B) 4.3%. C) 7.9%. D) 9.3%.