A given change in inflationary expectations will be fully reflected in a corresponding change in the returns of all assets and will be reflected graphically in a parallel shift of the SML
Indicate whether the statement is true or false
TRUE
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It is okay for an employee not to have a job description as long as both the manager and the employee know what is expected of the employee.
Answer the following statement true (T) or false (F)
Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%, salary allowances of $34,000 and $26,000 respectively, and the remainder equally. How much of the net income of $100,000 is allocated to Yolanda?
A) $49,000 B) $51,000 C) $50,000 D) $56,000
Variable costs are always relevant costs in decisions.
Answer the following statement true (T) or false (F)
Timchak Corporation reports that at an activity level of 9,900 units, its total variable cost is $919,116 and its total fixed cost is $259,974. What would be the total cost, both fixed and variable, at an activity level of 10,100 units? Assume that this level of activity is within the relevant range. (Round intermediate calculations to 2 decimal places.)
A. $1,197,658 B. $1,179,090 C. $1,191,000 D. $1,202,910