A thief stole Harold's car and installed a tape deck in it. Later the police caught the thief and returned the car to Harold. Harold now owns the tape deck by accession
a. True
b. False
Indicate whether the statement is true or false
True
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Legacy systems are
a. old manual systems that are still in place. b. flat file mainframe systems developed before client-server computing became standard. c. stable database systems after debugging. d. advanced systems without a data warehouse.
Internal personnel whose primary responsibility is the retail audit are _____
a. consultants b. company department managers c. outside auditors d. company audit specialists
A company uses the following standard costs to produce a single unit of output. Direct materials6 pounds at $0.90 per pound=$5.40 Direct labor0.5 hour at $12.00 per hour=$6.00 Manufacturing overhead0.5 hour at $4.80 per hour=$2.40 During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the direct materials quantity variance for the month was:
A. $1,800 favorable B. $1,800 unfavorable C. $1,000 favorable D. $5,800 unfavorable E. $5,800 favorable
In the context of financial securities,identify a difference between stocks and bonds.
A. Stocks represent creditorship in a corporation, whereas bonds represent ownership in a corporation. B. The returns on bonds are more predictable than returns on stocks. C. The owners of stocks are more likely to receive an amount known as the principal than the owners of bonds. D. Stocks can be bought and sold on securities markets, whereas bonds have to be held until they mature.