Project risk is highest during the:
A) Termination stage of the project life cycle.
B) Concept stage of the project life cycle.
C) Implementation stage of the project life cycle.
D) Development stage of the project life cycle.
B
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The DuPont Model measures ROE by multiplying __________.
A. the current ratio x total asset turnover x the equity multiplier B. the profitability ratio x times interest earned x the equity multiplier C. the profitability ratio x total asset turnover x the equity multiplier D. the current ratio x times interest earned x the equity multiplier
The government regulates financial markets for two main reasons:
A) to ensure soundness of the financial system and to increase the information available to investors. B) to improve control of monetary policy and to increase the information available to investors. C) to ensure that financial intermediaries do not earn more than the normal rate of return and to improve control of monetary policy. D) to ensure soundness of financial intermediaries and to prevent financial intermediaries from earning less than the normal rate of return.
The primary function of large diversified brokerage firms in the money market is to
A) sell money market securities to the Federal Reserve for its open market operations. B) make a market for money market securities by maintaining an inventory from which to buy or sell. C) buy money market securities from corporations that need liquidity. D) buy T-bills from the U.S. Treasury Department.
Bassett Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MillingCustomizingMachine-hours 16,000 12,000Direct labor-hours 2,000 8,000Total fixed manufacturing overhead cost$118,400$87,200Variable manufacturing overhead per machine-hour$2.10 Variable manufacturing overhead per direct labor-hour $3.30The predetermined overhead rate for the Milling Department is closest to:
A. $2.10 per machine-hour B. $9.50 per machine-hour C. $7.40 per machine-hour D. $19.00 per machine-hour