Which of the following statements is true regarding the time value of money?
A) Compound interest will produce equal amounts of interest each period on a fixed deposit.
B) Earning simple interest is more beneficial than earning compound interest.
C) When making a purchase, it is better to make payment as soon as possible.
D) It is better to receive $1 now than a year from now.
D
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Department R had 5,000 units in work in process that were 75% completed as to labor and overhead at the beginning of the period, 30,000 units of direct materials were added during the period, 32,000 units were completed during the period, and 3,000 units were 40% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in,
first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was: A) 32,450 B) 29,450 C) 31,950 D) 26,000
Which of the following is not likely to be a performance measure related to quality?
a. Number of warranty claims per unit sold b. Average number of defects per unit c. Units sold d. Average time between product failures
Contract law is significant in that it is basic to other fields of law such as:
a. sales of personal property. b. commercial paper. c. secured transactions. d. All of these.
Consider the following statements about the accounting rate of return:I. The accounting rate of return focuses on a project's income rather than its cash flows. II. Companies can figure the accounting rate of return on either the initial investment figure or an average investment figure. III. The accounting rate of return considers the time value of money. Which of the above statements is (are) correct?
A. I and II. B. II only. C. II and III. D. III only. E. I only.