Mona Farrow has $2,000 of liquid assets and $12,000 of take-home pay. Mona has two months of liquid reserves and most financial advisors would consider this inadequate
Indicate whether the statement is true or false.
TRUE
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Hernandez Systems began business on January 1 of the current year, producing a single product that is popular with home builders. Demand was very strong, allowing the company to sell its entire manufacturing output of 80,000 units. The following unit costs were incurred:Manufacturing costs: Direct materials$15 Direct labor8 Variable overhead11 Fixed overhead6Selling and administrative costs:? Variable5 Fixed2Hernandez anticipates an increase in productive output to 100,000 units and sales of 95,000 units in the next accounting period. The company uses appropriate drivers to determine cost behavior and estimates.Required:A. Assuming that present cost behavior patterns continue, compute the total expected costs in the upcoming accounting period.B. Jan
Compton is about to prepare a graph that shows the unit cost behavior for variable selling and administrative cost. If the graph's horizontal axis is volume and the vertical axis is dollars, briefly describe what Compton's graph should look like.C. Determine whether the following costs are variable or fixed in terms of behavior:1. Yearly lease payments for a state-of-the-art cutting machine.2. A fee paid to a consultant who provided advice about quality issues. The fee was based on the number of consulting hours provided.3. Cost of an awards dinner for "star" salespeople. What will be an ideal response?
How should the worldwide accessibility of Web sites affect your choice of a do-main name?
(a) You should reserve domain names according to different pronunciations of your domain name in different languages. (b) You should reserve your domain name with every possible country extension (e.g.,.uk, .nl, .il, etc.). (c) When choosing your domain name, you should consider how different groups of people from different countries and cultures will interpret your domain name. (d) You should choose a domain name that is available under all possible dot-com extensions.
One measure of interperiod equity is whether net revenues are exceeding a government's total expenses.
Answer the following statement true (T) or false (F)
A researcher is reviewing average household income data and sees that one household reported an annual income of over $1 million. This value lies outside the normal range of the data and is called a(n) ____.
A. abnormality B. marginality C. outlier D. quartile