Training ensures that all interviewers administer the questionnaire in the same manner so that
the data can be collected uniformly.
Indicate whether the statement is true or false
TRUE
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Whatisthe mode of the data set given below? ? 35, 47, 65, 47, 22 ?
A. 47.5 B. 47 C. 65 D. 22
The following two items are from Marcia White's "Dining Out" expense category:
1. January monthly variance = $25 (favorable); 2. February cumulative variance = -$10 (unfavorable). If Marcia budgeted $85 a month for this activity, we know that she A) spent $60 in January and $95 in February. B) spent $60 in January and $120 in February. C) can bring the activity back within budget by spending $85 in March. D) has not budgeted properly.
Which of the following statements is CORRECT?
A. The constant growth model is often appropriate for evaluating start-up companies that do not have a stable history of growth but are expected to reach stable growth within the next few years. B. If a stock has a required rate of return rs = 12% and its dividend is expected to grow at a constant rate of 5%, then the stock's dividend yield is also 5%. C. The stock valuation model, P0 = D1/(rs - g), can be used to value firms whose dividends are expected to decline at a constant rate, i.e., to grow at a negative rate. D. The price of a stock is the present value of all expected future dividends, discounted at the dividend growth rate. E. The constant growth model cannot be used for a zero growth stock, wherein the dividend is expected to remain constant over time.
Fiori Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its average costs per unit are as follows: Average Cost per UnitDirect materials$6.05Direct labor$3.05Variable manufacturing overhead$1.70Fixed manufacturing overhead$3.00Fixed selling expense$0.50Fixed administrative expense$0.40Sales commissions$1.00Variable administrative expense$0.50 The incremental manufacturing cost that the company will incur if it increases production from 5,000 to 5,001 units is closest to:
A. $13.80 B. $10.80 C. $16.20 D. $14.30