Parties to a contract agree upon liquidated damages after the contract has been breached
Indicate whether the statement is true or false
FALSE
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Answer the following statements true (T) or false (F)
1. Investors and creditors can evaluate a company by examining only one year of data. 2. Investors and creditors cannot evaluate a company by examining only one year of data. 3. To accurately determine the financial performance of a company, it is necessary to compare its performance from year to year, with a competing company, and with the same industry as a whole. 4. Horizontal analysis provides a year-to-year comparison of a company's performance in different periods. 5. Ratio analysis is used most effectively to measure a company against other companies in different industries.
Business products that are purchased routinely, do not become part of finished goods, and are expense items rather than capital goods are called
A. raw materials. B. installations. C. accessory equipment. D. component parts. E. process materials.
Kray Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 6,000Variable costs per unit: Direct materials$40Direct labor$19Variable manufacturing overhead$8Variable selling and administrative expense$2Fixed costs: Fixed manufacturing overhead$144,000Fixed selling and administrative expense$198,000There were no beginning or ending inventories. The variable costing unit product cost was:
A. $67 per unit B. $61 per unit C. $91 per unit D. $69 per unit
The driving force behind the securitization of mortgages and automobile loans has been
A) the rising regulatory constraints on substitute financial instruments. B) the desire of mortgage and auto lenders to exit this field of lending. C) the improvement in computer technology. D) the relaxation of regulatory restrictions on credit card operations.