The gross margin on a product bears a direct relation to the direct product profit
Indicate whether the statement is true or false
FALSE
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An important __________________________ activity for many companies is acquiring property
Fill in the blank(s) with correct word
Victoria is a budget analyst at Young Industries. She used the least squares regression method to separate the plant's monthly utilities cost into its fixed and variable components. The results were as follows: Y = 3,250 + .054 X X = the number of units produced R2 = .892 How should Victoria interpret the R2 of .892?
a. The equation is a better predictor of fixed costs than of variable costs 89.2% of the time. b. The equation will accurately predict utility costs 89.2% of the time. c. Fixed costs make up 89.2% of the total semi-variable cost in any given month. d. The number of units produced explains 89.2% of the variation in the plant utilities cost.
If a qualified black person applied for a particular job and was rejected for that job just because
he was black, and the employer kept the position open and hired an equally qualified white person, it would be a case of which of the following types of discrimination? A) Sex discrimination B) Pattern of practice of discrimination C) Disparate impact discrimination from a facially neutral rule D) It would not be illegal discrimination E) Disparate treatment discrimination
On January 1, 20X8, Pullman Corporation acquired 75 percent interest in Steamship Company for $300,000. Steamship is a Norwegian company. The recording currency is the Norwegian kroner (NKr). The acquisition resulted in an excess of cost-over-book value of $25,000 due solely to a patent having a remaining life of 5 years. Pullman uses the fully adjusted equity method to account for its investment. Steamship's December 31, 20X8, trial balance has been translated into U.S. dollars, requiring a translation adjustment debit of $8,000. Steamship's net income translated into U.S. dollars is $35,000. It declared and paid an NKr 20,000 dividend on June 1, 20X8. Relevant exchange rates are as follows: January 1, 20X8NKrl=$0.20 June 1, 20X8NKrl=$0.23 December 31, 20X8NKrl=$0.24 Average for
20X8NKrl=$0.22 Assume the kroner is the functional currency.Based on the preceding information, in the journal entry to record the amortization of the patent for 20X8 on the parent's books, Investment in Steamship Company will be debited for: A. $4,500 B. $5,000 C. $5,500 D. $3,000