Which of the following accounting treatments is proper for a change in reporting entity?
a. Restatement of all financial statements presented
b. Restatement of current period financial statements
c. Note disclosure and supplementary schedules
d. Adjustment to retained earnings and note disclosure
A
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Individuals who own and run their own businesses are considered employees
Indicate whether the statement is true or false
One criticism of strategic planning is that it does not always produce ______.
A. goals B. strategy C. increased revenue D. improved programs
Portfolio AB was created by investing in a combination of Stocks A and B. Stock A has a beta of 1.2 and a standard deviation of 25%. Stock B has a beta of 1.4 and a standard deviation of 20%. Portfolio AB has a beta of 1.25 and a standard deviation of 18%. Which of the following statements is CORRECT?
A. Stock A has more market risk than Stock B but less stand-alone risk. B. Portfolio AB has more money invested in Stock A than in Stock B. C. Portfolio AB has the same amount of money invested in each of the two stocks. D. Portfolio AB has more money invested in Stock B than in Stock A. E. Stock A has more market risk than Portfolio AB.
A manager of the cereal bar at the college campus has determined that the profit made for each bowl of Morning Buzz cereal sold, x, is equal to: Z = $4x - 0.5x
Each bowl of Morning Buzz weighs 6 ounces, and the manager has 12 lbs (192 ounces) of cereal available each day, which can be written as the constraint, 6x ? 192. What maximum profit will be made from Morning Buzz if it is all sold in one day?