An entrepreneur should always project at least two scenarios for financial forecasting and budgeting: best case and worst case
Answer the following statement true (T) or false (F)
False
Rationale: Scenarios should be limited to two: most-likely and break-even.
You might also like to view...
Which of the following will have noeffect on an employee's take-home pay?
a. social security tax b. unemployment tax c. marital status d. number of exemptions claimed
Microsites are versions of Web sites designed for access from mobile devices
Indicate whether the statement is true or false
Golden Glow Company manufactures candles. The standard direct materials quantity required to produce one large candle is 1 pound at a cost of $5 per pound. Every candle requires 2 direct labor hours at a standard cost of $3 per direct labor hour. During November, 7,200 large candles were produced using 7,500 pounds costing $45,000. At the end of November, an examination of the labor cost records showed that the company used 15,000 direct labor hours (DLHr) at a cost of $4 per hour.
Using the format below, prepare an analysis of the direct labor cost variances.
On November 10, Linden Co split its stock 5-for-2 when the market value was $55 per share. Prior to the split, Linden had 300,000 shares of $15 par value stock. After the split, the par value of the stock was
a. $3. b. $6. c. $15. d. $26.