If two projects are mutually exclusive, then the IRR is more important than the NPV in deciding the
project that should be chosen.
Indicate whether the statement is true or false
FALSE
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Which of the following ethical issues is/are pertinent in developing an approach?
A) When a client solicits proposals, not with the intent of subcontracting the research, but with the intent of gaining the expertise of research firms without pay, an ethical breach has occurred. B) The research firm has the ethical obligation to develop an appropriate approach. C) Proprietary models and approaches developed by a research firm are the property of that firm and should not be reused by the client in subsequent studies without the permission of the research firm. D) All of the issues are pertinent.
The following unit data were assembled for the heating process of Morgan Processing Inc for the month of August. Direct materials are added at the beginning of the process. Conversion costs are added uniformly over the production process. The company uses the FIFO process costing method. Units Beginning work in process inventory (30 percent complete) 5,000 Units started in August 44,000 Ending
work in process (60 percent complete) 4,500 The number of equivalent units produced by Morgan Processing with respect to conversion costs is A) 43,700. B) 45,700. C) 48,200. D) 50,200.
Spencer’s manager, who is the owner of the business, asked Spencer to record some of the manager’s personal expenses as business expenses to make the expenses deductible for income tax. Since this practice is illegal, Spencer refused to do it. He was fired. It would appear that Spencer’s right to ______ was violated.
A. free consent B. due process C. life and safety D. freedom of conscience
Under FASB standards the statement of activities for a not-for-profit organization is required to be separated into operating and nonoperating activity.
Answer the following statement true (T) or false (F)