Implied warranties may be excluded by course of performance, course of dealing, or usage of trade
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following approaches is recommended to help users view a new system as easy to use?
A. Develop a detailed specification of the features the new system will have. B. Show the look and feel of the new system (i.e., sample computer screens, reports, etc.) well before the new system is developed in order to help users feel comfortable with it. C. Make sure all user requests are addressed as enhancements to the system in its maintenance phase. D. Provide extensive training just after the system goes into production throughout the organization.
If a project is expected to be completed in 68 days with a project variance of 9 days, what is the probability that the project will be completed between 63 days and 70 days?
A. 100% B. 95% C. 90% D. 70%
Which of the following is true about par value of common stock?
A) Par value represents the minimum price at which shares of stock can be traded after they are initially issued. B) Corporations often set a high par value in order to increase the attractiveness of their stock. C) It is a determinant of the market value of the shares. D) It is usually the initial offering price of shares. E) The concept of par value has been eliminated in the Revised Model Business Corporation Act.
Haffner Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 500 Materials costs$7,800 Conversion costs$9,100 Percent complete with respect to materials 85%Percent complete with respect to conversion 55%Units started into production during the month 7,000 Units transferred to the next department during the month 6,100 Materials costs added during the month$102,700 Conversion costs added during the month$184,000 Ending work in process inventory: Units in ending work in process inventory 1,400 Percent complete with respect to materials 60%Percent complete with
respect to conversion 50% The cost per equivalent unit for materials for the month in the first processing department is closest to: A. $13.69 B. $14.80 C. $15.92 D. $14.73