Research has found that reuse of object class libraries resulted in decreased productivity
Indicate whether the statement is true or false
FALSE
Explanation: Some evidence suggests that reuse can be effective, especially for object classes. For example, one laboratory study found that reuse of object class libraries resulted in increased productivity, reduced defect density, and reduced rework.
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Which securities are purchased with the intent of selling them in the near future?
a. Marketable equity securities b. Available-for-sale securities c. Trading securities d. Held-to-maturity securities
A contract entered into by an intoxicated person is never valid.?
Indicate whether the statement is true or false
Karvel Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. For the month of August, Karvel estimated total manufacturing overhead costs at $300,000 and total machine-hours at 75,000 hours. Actual results for the period were manufacturing overhead costs of $290,000 and 75,000 machine-hours. As a result, Karvel would have:
A. applied an amount of overhead to Work in Process that was equal to the actual amount of overhead. B. applied more overhead to Work in Process than the actual amount of overhead cost for the year. C. found it necessary to recalculate the predetermined overhead rate. D. applied less overhead to Work in Process than the actual amount of overhead cost for the year.
Stack Company is a subsidiary of Pile Company and is located in Valparaíso, Chile, where the currency is the Chilean Peso. Data on Stack's inventory and purchases are as follows: Inventory, January 1, 20X8 500,000 Pesos Purchases during 20X8 1,000,000 Pesos Inventory, December 31, 20X8 400,000 Pesos The beginning inventory was acquired during the fourth quarter of 20X7, and the ending inventory was acquired during the fourth quarter of 20X8. Purchases were made evenly over the year. Exchange rates were as follows: Fourth quarter of 20X71 Peso=$0.00148 January 1, 20X81 Peso=$0.00152 Average during 20X81 Peso=$0.00160 Fourth quarter of 20X81 Peso=$0.00162 December 31, 20X81 Peso=$0.00165 Based on the preceding information, the translation of cost of goods sold for 20X8,
assuming that the Chilean peso is the functional currency is: A. $1,700. B. $1,692. C. $1,760. D. $1,680.