Millenials are considered to be the most tech-savvy generation yet, spending more time surfing the Web and on social media than they do watching television, listening to radio, or reading newspapers
Indicate whether the statement is true or false
a. True
b. False
ANSWER: True
Millennials may be the most tech-savvy generation yet, spending more time surfing the Web and on social media than they do watching television, listening to radio, or reading newspapers, but they still use and value traditional media.
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What is the revenue recognition principle? Are there any exceptions to this rule? If so, what are they? If not, explain why
Article 27.3 of TRIPS permits countries to exclude from patent protection:
a. plants. b. animals. c. biological processes. d. All of the above
Standard Corporation has developed standard manufacturing overhead costs based on a capacity of 180,000 direct labor-hours (DLHs) as follows:Standard overhead costs per unit:Variable portion: 2 DLHs × $3 per DLH = $6Fixed portion: 2 DLHs × $5 per DLH = $10The following data pertain to operations in April: Actual output 80,000unitsActual direct labor cost$644,000 Actual direct labor-hours worked 165,000DLHsVariable overhead cost incurred$518,000 Fixed overhead cost incurred$860,000 The fixed manufacturing overhead volume variance for April was:
A. $100,000 Favorable B. $60,000 Favorable C. $60,000 Unfavorable D. $100,000 Unfavorable
Indicate whether each of the following statements is true or false.The net present value method provides a direct measure of the rate of return to be expected from a capital investment project.Managers who want to know the rate of return to expect from a capital investment project should calculate the net present value.The internal rate of return for a capital investment is the rate that would produce a net present value of zero.For a capital investment project to be acceptable, the internal rate of return should be higher than the hurdle rate.A capital investment project that has a positive net present value may have an internal rate of return that is lower than the hurdle or required rate of return.
What will be an ideal response?