In an efficient market, the market value and intrinsic value of a security should be equal
Indicate whether the statement is true or false
TRUE
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When a direct deposit is made by the employer to the employee's bank, the employee does not handle the paycheck
Indicate whether the statement is true or false
American Express asking its members to upgrade from Gold to Platinum card is an example of:
A) cross-selling. B) reselling. C) upselling. D) mass selling.
Permitting warehouse staff to maintain the only inventory records violates separation of duties
Indicate whether the statement is true or false
Pattern Corporation uses the FIFO method in its process costing. The following data pertain to its Cutting Department for August. Percent Complete UnitsMaterialsConversionWork-in-process, August 1 500 50% 45%Units started into production during August 8,100 Units completed during August and transferred to the next department 7,200 Work-in-process, August 31 1,400 75% 30%Required:Compute the equivalent units of production for both materials and conversion costs for the Cutting Department for August using the FIFO method.
What will be an ideal response?