You are looking at a stock quotation in the newspaper and read that its "net change" is +2.5. This means that

A)

the difference between its high price and low price for the day was $2.50.
B)

its closing price was $2.50 higher than its closing price of the previous trading day.
C)

over the past 12 months the stock's highest price is 2.5 times its lowest price.
D)

its dividend yield this year is 2.5% higher than its dividend yield last year.


B

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When is revenue from the sale of merchandise normally recognized?

a. On the date the sale is made. b. When the customer pays for the merchandise. c. Either on the date on which the sale occurs, or the date on which the customer pays d. When the merchandise is sold, if sold for cash, or when payment is received, if sold on credit

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The records of Andrews Company reflect the following data: Work in process, beginning of the month - 4,500 units; 1 / 3 completed at a cost of $2,400 for materials, $825 for labor, and $5,00 . for overhead. Production costs for the month - materials - $20,695; labor - $13,050; overhead - $41,500 Units completed and transferred to finished goods - 35,000 Work in process, end of month - 3,00

units; 3 / 4 completed What is the unit cost for material? a. $.66 b. $.59 c. $.56 d. $.62

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________ include the range, interquartile range, variance or standard deviation, and coefficient of variation

A) Measures of variability B) Measures of shape C) Measures of occasion D) Measures of location

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The effectiveness of an advertising campaign can be measured only after the completion of the campaign, when results are tabulated.

Answer the following statement true (T) or false (F)

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