A stock's beta is more relevant as a measure of risk to an investor who holds only one stock than to an investor who holds a well-diversified portfolio.
Answer the following statement true (T) or false (F)
False
You might also like to view...
During the current year, Fairview Corporation sold 100,000 units of its product for $20 each. The variable cost per unit was $14, and Fairview's margin of safety was 40,000 units. What was the amount of Fairview's total fixed costs?
A. $840,000 B. $360,000 C. $240,000 D. $560,000
Trinity enjoys her job as a telemarketer in part because, after each call, her computer provides her with a total of how many sales she has made for the day. She constantly references that total to monitor her progress. According to the job characteristics model, Trinity enjoys the ______ of her job.
A. autonomy B. feedback C. task identity D. skill variety
The simplest way for a U.S. firm to do business in a foreign market is to export its products directly to that market
a. True b. False Indicate whether the statement is true or false
Lakatos Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product contains the following information concerning direct materials:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect materials3.7kilos$9.00per kilo$33.30During the year, the company completed the following transactions concerning direct materials:a. Purchased 151,800 kilos of raw material at a price of $9.70 per kilo.b. Used 140,870 kilos of the raw material to produce 38,100 units of work in process.The company calculated the following direct materials
variances for the year: Materials price variance$106,260UMaterials quantity variance$900FAssume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)?1/1$1,130,000$59,940$0$81,510$432,900=a.?????=b.?????=?Materials Price VarianceMaterials Quantity VarianceLabor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$0$0$1,704,350a.???????b.???????When recording the raw materials purchases in transaction (a) above, the Raw Materials inventory account will increase (decrease) by: A. $1,472,460 B. $1,366,200 C. ($1,366,200) D. ($1,472,460)