The values assigned to branches typically represent distance, time, or cost
Indicate whether this statement is true or false.
Answer: TRUE
You might also like to view...
Camp Corporation purchased 8,500 shares of Tent Corporation common stock for $80 per share on January 1, 2014. Tent reported net income of $220,000 for 2014 and paid dividends of $90,000 during 2014. As of December 31, 2014, the market value of Tent Corporation common stock was $80 per share. Assuming the shares owned by Camp represent 30 percent of the total outstanding stock of Tent, Camp
Corporation should report the long-term investment on December 31, 2014, at a carrying value of A) $641,000. B) $680,000. C) $719,000. D) $810,000.
In the so-called McLibel case in England, McDonalds were unable to successfully prove libel or slander
Indicate whether the statement is true or false
You are considering investing $1,000 in a complete portfolio. The complete portfolio is composed of Treasury bills that pay 5% and a risky portfolio, P, constructed with two risky securities, X and Y. The optimal weights of X and Y in P are 60% and 40%, respectively. X has an expected rate of return of 14%, and Y has an expected rate of return of 10%. If you decide to hold 25% of your complete portfolio in the risky portfolio and 75% in the Treasury bills, then the dollar values of your positions in X and Y, respectively, would be __________ and _________.
A. $300; $450 B. $150; $100 C. $100; $150 D. $450; $300
Kiker Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$112,000 Budgeted fixed manufacturing overhead 311,920 Total budgeted manufacturing overhead$423,920 Budgeted production (a) 35,000unitsStandard hours per unit (b) 1.60machine-hoursBudgeted hours (a) × (b) 56,000machine-hours The predetermined overhead rate is closest to:
A. $15.32 per machine-hour B. $12.11 per machine-hour C. $9.57 per machine-hour D. $7.57 per machine-hour