Effective budgeting in an expense area will lead to a zero variance at year end
Indicate whether the statement is true or false
TRUE
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Which of the following is true of a stock dividend?
A. Does not affect total equity, but transfer amounts between the components of equity. B. Transfers a portion of equity from retained earnings to a cash reserve account. C. The decision to declare a stock dividend resides with the shareholders. D. Reduces a corporation's assets and stockholders' equity. E. It is a liability on the balance sheet.
A feasibility analysis evaluates ______.
A. the difficulty of carrying out the project B. whether the project materials can be recycled C. how government requirements can be circumvented D. how the product’s life cycle can be shortened
Which of the following types of transactions would be reported as a cash flow from investing activity on the statement of cash flows?
A) issuance of bonds payable B) issuance of capital stock C) purchase of treasury stock D) purchase of noncurrent assets
Suppose the next three random numbers were .18, .89 and .67. How many customers would have arrived during this 30-minute period?
A bakery is considering hiring another clerk to better serve customers. To help with this decision, records were kept to determine how many customers arrived in 10-minute intervals. Based on 100 10-minute intervals, the following probability distribution and random number assignments developed. Number of Arrivals Probability Random numbers 6 .1 .01 - .10 7 .3 .11 - .40 8 .3 .41 - .70 9 .2 .71 - .90 10 .1 .91 - .00 A) 22 B) 23 C) 24 D) 25