A text-based report is written as a narrative
Indicate whether the statement is true or false
True
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Under absorption costing, if sales remain constant from period 1 to period 2, the company will report a larger income in period 2 when
a. period 2 production exceeds period 1 production. b. period 1 production exceeds period 2 production. c. variable production costs are larger in period 2 than period 1. d. fixed production costs are larger in period 2 than period 1.
If Left Bank stock has a beta of 1.25, the return from the market portfolio is 15%, and the Treasury bill return is 5%, what is the required return from the stock?
A) 17.5% B) 12.5% C) 16.0% D) 7.5% E) 15.0%
Calculate the profitability index for the cash flows provided in the table below
Note: The negative cash flow for year 0 is the initial investment for the project. Assume a required rate of return of 9.00% Year Cash Flow 0 -$90,000 1 $32,000 2 $32,000 3 $32,000 A) 0.85 B) 0.90 C) 1.00 D) 1.11
Grassley Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and anticipated long-run monthly usage of staff hours for Operating Departments 1 and 2 follow.?Department 1Department 2TotalShort-run usage (hours)40,00060,000100,000Long-run usage (hours)45,00055,000100,000If Grassley uses dual-cost accounting procedures and variable administrative costs total $200,000, the amount of variable administrative cost to allocate to Department 1 would be:
A. $100,000. B. $85,000. C. $80,000. D. $90,000. E. None of the answers is correct.