From an investing standpoint, stage in life has a lot to do with willingness to bear the risk of various investments
Generally, as an investor moves from wealth accumulation years to wealth preservation years, their portfolio should rotate from a higher risk ________ to a more moderate risk ________ to a lower risk ________.
A) fixed income fund; bank cd; blue chip stock portfolio
B) equity portfolio; balanced portfolio; conservative portfolio
C) commodities portfolio; equity portfolio; mostly equity; some debt portfolio
D) None of the above are satisfactory.
Answer: B
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Decentralization means that a unit manager has the authority to make all decisions concerning that specific unit
Indicate whether the statement is true or false
Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $112,500 and $125,000, respectively. During the year, actual overhead was $107,400 and actual direct labor cost was $120,000. The entry to close the over- or underapplied overhead at year-end, assuming an immaterial amount, would include
A. a credit to Finished Goods Inventory for $600. B. a credit to Cost of Goods Sold for $600. C. a credit to Factory Overhead for $600. D. a debit to Cost of Goods Sold for $600. E. a debit to Work in Process Inventory for $600.
Moe, an electrical contractor, authorized Larry to make contracts with new customers on his
behalf. Larry entered into a contract with Curly but did not advise Curly that he was acting on behalf of Moe. If Moe refuses to honour the contract, which of the following statements is TRUE? A) Curly cannot sue either Larry or Moe B) Curly can elect to sue either Moe or Larry C) None of the above D) Curly can only sue Moe E) Curly can only sue Larry
Schoening Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for January. Fixed Element per MonthVariable Element per Container RefurbishedActual Total for JanuaryRevenue $4,100$158,600Employee salaries and wages$50,600 $1,100$92,700Refurbishing materials $700$27,000Other expenses$41,200 $40,800?When the company prepared its planning budget at the beginning of January, it assumed that 40 containers would have been refurbished. However, 38 containers were actually refurbished during January.?The total expenses in the flexible budget for January would
have been closest to: A. $168,947 B. $163,800 C. $160,200 D. $160,500