Discovering an advertising agency's client retention rate helps reveal how effective the agency has been in working with various clients
Indicate whether the statement is true or false
TRUE
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According to social cognitive theory of mass communication, we experience ______ motivation when we perceive we will be rewarded if modeling an observed behavior.
A. retention B. direct C. vicarious D. self-produced
At the end of the day, the cash register's record shows $1272, but the count of cash in the cash register is $1256. The correct entry to record the cash sales is:
A. Debit Cash $1272; credit Sales $1272. B. Debit Cash Over and Short $16, credit Sales $16. C. Debit Cash $1256; debit Cash Over and Short $16; credit Sales $1272. D. Debit Cash $1256; Credit Sales $1256. E. Debit Cash $1272; credit Cash Over and Short $1256; credit Sales $16.
Furtado Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Total budgeted manufacturing overhead$191,940 Budgeted hours 21,000labor-hours Actual production (a) 35,000unitsStandard hours per unit (b) 0.70labor-hoursStandard hours allowed for the actual production (a) × (b) 24,500labor-hours Total actual manufacturing overhead$190,874 Actual hours 23,200labor-hoursThe total amount of manufacturing overhead applied is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $190,874 B. $201,600 C. $212,048 D. $223,930
When the volatility of an asset is higher at the deep in the money and deep out of the money positions, than at the money, the plot is called a volatility:
A) Skew B) Smile C) Smirk D) Surface