When adding a randomly chosen new stock to an existing portfolio, the higher (or more positive) the degree of correlation between the new stock and stocks already in the portfolio, the less the additional stock will reduce the portfolio's risk.
Answer the following statement true (T) or false (F)
True
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Prepaid Rent in the worksheet's unadjusted trial balance column is $5,000. Prepaid Rent in the balance sheet column is $2,000. Which of the following entries would have caused this difference?
A) a $3,000 debit entry to Prepaid Rent in the worksheet's adjustments column B) a $3,000 credit entry to Rent Expense in the worksheet's adjustments column C) a $3,000 credit entry to Prepaid Rent in the worksheet's adjustments column D) a $3,000 credit entry to Rental Revenue in the worksheet's adjustments column
The average observed time for a given job is 10 minutes. The performance rating is 80%, and allowances are set by contract at 10%. What is the standard time?
A) 8.80 minutes B) 8.88 minutes C) 10.00 minutes D) 19.00 minutes E) 19.80 minutes
Mae Refiners, Inc., processes sugar cane that it purchases from farmers. Sugar cane is processed in batches. A batch of sugar cane costs $60 to buy from farmers and $13 to crush in the company's plant. Two intermediate products, cane fiber and cane juice, emerge from the crushing process. The cane fiber can be sold as is for $29 or processed further for $13 to make the end product industrial fiber that is sold for $61. The cane juice can be sold as is for $40 or processed further for $28 to make the end product molasses that is sold for $67.What is the financial advantage (disadvantage) for the company from processing the intermediate product cane juice into molasses rather than selling it as is?
A. ($1) per batch B. ($14) per batch C. ($38) per batch D. ($74) per batch
Financing for the renovation of Cherry City's municipal park, begun and completed during 20X1, came from the following sources: Grant from state government$600,000 Proceeds from general obligation bond issue$2,000,000 Transfer from Cherry's general fund$150,000 In its 20X1 capital projects fund operating statement, Cherry should report these amounts as: RevenuesOther financingsourcesA.$0 $2,750,000 B.$600,000 $2,150,000 C.$2,750,000 $0 D.$2,600,000 $150,000
A. Option A B. Option B C. Option C D. Option D