What is the probability of the drug getting to a market of medium potential?
A) 0.054
B) 0.120
C) 0.018
D) 0.700
A
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Measures of equivalent production are necessary in process costing because
a. job order costing procedures cannot be applied. b. unit costs are computed by departments or processes at fixed time intervals. c. perpetual inventories are not employed in process plants. d. production methods are more complex than in job order costing systems.
The net present value and internal rate of return methods of decision making in capital budgeting are superior to the payback method in that they
a. are easier to implement. b. consider the time value of money. c. require less input. d. reflect the effects of sensitivity analysis.
Consider that you are getting ready to leave outside in the morning, and weather forecasters predict rain. If you decide to take your raincoat and it rains, which of the following is the corresponding payoff?
a. There is no cost for dry cleaning your suit, but you were burdened by carrying the raincoat. b. There is no cost for dry cleaning your suit, and you were not burdened by carrying the raincoat. c. There is a cost for dry cleaning your suit, and you were burdened by carrying the raincoat. d. There is a cost for dry cleaning your suit, but you were not burdened by carrying the raincoat.
Creswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $95,000?
A. $66,000 B. $12,800 C. $53,200 D. $24,200