All increases to stockholders' equity are from revenues
Indicate whether the statement is true or false
False
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The Flapjack Corporation had 8,200 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were 7.6 hours per completed unit at a standard rate of $13 per hour. Compute the labor time variance
A) 9,880F B) 9,880U C) 7,800U D) 7,800F
The assignment of a discount rate to each project is an integral part of the NPV process
Indicate whether the statement is true or false.
Which of the following describes the waterfall typically used for mortgages pre-crisis?
A. A distribution of cash flows to tranches with priority given to tranche with the highest rating B. A distribution of cash flows to tranches in proportion to their outstanding principals C. A distribution of losses to tranches so that tranches bear losses in proportion to their outstanding principals D. None of the above
Which of the following technologies has Apple adopted in its hardware for Apple Pay?
A) GPS B) NFC C) BLE D) QR codes