If the actual rate of return on an investment portfolio is constant from year to year, the standard deviation of that portfolio is zero
Indicate whether the statement is true or false.
Answer: TRUE
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Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $396,000; materials of $410,000 and direct labor of $220,000. During the year Adams incurred $418,000 in materials costs, $413,200 in overhead costs and $224,000 in direct labor costs. Compute the amount of under- or overapplied overhead for the year.
A. $10,000 underapplied. B. $4,800 underapplied. C. $17,200 underapplied. D. $10,000 overapplied. E. $17,200 overapplied.
The Electronic Communications Privacy Act of 1986 (ECPA):
a. supplements the Omnibus Federal Employee Workplace Privacy Rights Law of 2008. b. has been an effective law because employee privacy intrusions are less common and steadily declining since 2000. c. restricts employer access to public chatroom interactions. d. fails to protect employees in most situations involving e-mail monitoring by public and private employers.
Desert Apparel has 5,000 shares of common stock outstanding. On April 1, the company declares a $2 per share dividend to stockholders of record on April 15. The dividend is paid on April 30. Record all necessary entries on the appropriate dates for cash dividends.
What will be an ideal response?
Cash received from bank borrowing would be reported in the statement of cash flows as what type of activity?
A. Investing. B. Operating. C. Organizing. D. Financing.