The goal of data mining related to analyzing data for unexpected relationships is:
A) explanatory.
B) confirmatory.
C) exploratory.
D) laboratory.
C
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On September 30, the Drying Department of Jamoca, Inc. had ending Work-in-Process Inventory that was 28% complete for materials and 23% complete for conversion costs. The company uses the FIFO method. This means that for the ending Work-in-Process inventory, ________% of materials and ________% of the conversion costs were added during September.
A) 77; 72 B) 72; 77 C) 23; 28 D) 28; 23
A company's balance sheet shows: cash $22,000, accounts receivable $16,000, office equipment $50,000, and accounts payable $17,000. What is the amount of stockholders' equity?
A. $17,000. B. $105,000. C. $29,000. D. $71,000. E. $88,000.
In comparing an ordinary annuity and an annuity due, which of the following is true?
A) The future value of an annuity due is always greater than the future value of an otherwise identical ordinary annuity. B) The future value of an ordinary annuity is always greater than the future value of an otherwise identical annuity due. C) The future value of an annuity due is always less than the future value of an otherwise identical ordinary annuity, since one less payment is received with an annuity due. D) All things being equal, one would prefer to receive an ordinary annuity compared to an annuity due.
On December 1, 20X8, Hedge Company entered into a 60-day speculative forward contract to sell 200,000 British pounds (£) at a forward rate of £1 = $1.78. On the same day it purchased a 60-day speculative forward contract to buy 100,000 euros (€) at a forward rate of €1 = $1.42.The rates are as follows: Forward Rate for Forward Rate forDateSpot Rate Feb 1 Spot Rate Feb 1December 1, 20X8£1=$1.76 $1.78 €1=$1.40 $1.42 December 31, 20X8£1= 1.73 1.74 €1= 1.38 1.40 February 1, 20X9£1= 1.75 €1= 1.41 Hedge had no other speculation transactions in 20X8 and 20X9. Ignore taxes.Based on the preceding information, what is the effect of the British pound speculative contract on 20X8 net income?
A. $2,000 loss B. $10,000 gain C. $6,000 gain D. $8,000 gain