A _____ effect might exist if investors are attracted to certain companies because they have particular dividend policies.?
A. ?residual
B. ?clientele
C. ?signal
D. ?free cash flow
E. ?relevance
Answer: B
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Minstrel Manufacturing uses a job order costing system. During one month Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the application of factory overhead to production is:
A. Debit Work in Process Inventory $225,000; credit Factory Overhead $225,000. B. Debit Work in Process Inventory $165,000; credit Factory Overhead $165,000. C. Debit Work in Process Inventory $165,000; credit Factory Payroll $165,000. D. Debit Factory Overhead $165,000; credit Work in Process Inventory $165,000. E. Debit Factory Payroll $150,000; credit Work in Process Inventory $150,000.
Cottle Company has total assets of $220,000 and total liabilities of $70,000. The company's debt-to-equity ratio is closest to
A) .32 to 1 B) .68 to 1 C) .24 to 1 D) .47 to 1
There is just as great a chance of a normally distributed random variable being over one standard deviation above the mean as there is being one standard deviation below the mean
Indicate whether this statement is true or false.
Dot, a real estate agent, tells Elbert, a home seller, that her commission is 12 percent. Elbert agrees that Dot can sell his house but refuses to sign a contract unless the amount of the commission is reduced. After Dot sells the house, Elbert refuses to pay 12 percent. Dot is most likely to recover
A. nothing. B. on a theory of an express contract. C. on a theory of an implied contract. D. on a theory of a quasi contract.