What are the characteristics of a low-income country?
What will be an ideal response?
Low-income countries share the following characteristics:
1. Limited industrialization and a high percentage of the population engaged in agriculture and subsistence farming
2. High birth rates and low literacy rates, especially among women and girls
3. Heavy reliance on foreign aid
4. High levels of poverty
5. Inequality of income distribution
6. Political instability and unrest due at least in part to disenfranchised social groups
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Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year: Direct materials used$21,000? Direct labor used 26,500? Factory overhead 45,100? Beginning work in process inventory 12,700? Ending work in process inventory 13,300?
A. $46,900. B. $92,600. C. $71,000. D. $47,500. E. $92,000.
Tos Corporation's flexible budget cost formula for indirect materials, a variable cost, is $0.60 per unit of output. If the company's performance report for last month shows an $800 unfavorable spending variance for indirect materials and if 9,000 units of output were produced last month, then the actual costs incurred for indirect materials for the month must have been:
A. $5,400 B. $5,600 C. $4,600 D. $6,200
Which of the following statements about Jensen's measure are correct?
I. Through its use of the capital asset pricing model, Jensen's measure automatically adjusts for market return. II. In general, the higher the Jensen's measure, the better a portfolio has performed. III. Jensen's measure is referred to as alpha. IV. A positive Jensen's measure indicates an investment has underperformed the market on a risk-adjusted basis. A) I and IV only B) I, II and III only C) II and III only D) I, III and IV only
Which of these is an advantage of open-ended questions?
A) allows more spontaneity B) gets to the point more quickly C) makes comparing interviews easier D) saves time