Financial ratios are useful for measuring performance because maximizing the return on equity for
common shareholders is the primary goal of financial managers.
Indicate whether the statement is true or false
FALSE
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Averette & Averette Averette & Averette, a local dental practice, currently makes its own dentures for customers. The dental practice has one part-time employee who comes in weekly to make dentures. The employee is paid $150 per denture set. The direct materials and variable overhead cost per set of dentures is $75 and $25, respectively. In addition, the practice allocates $10,000 of fixed
overhead to the denture-making department. The practice makes 1,000 sets of dentures per year. An outside company who specializes in the making of dentures has offered to make each set of dentures for Averette & Averette for $255 per set. Refer to the Averette & Averette information above. What are Averette & Averette's total relevant costs to make the dentures themselves? A) $300 B) $400 C) $415 D) $350
Equipment costing $400,000 with accumulated depreciation of $260,000 is sold at a gain of $10,000. This implies that $130,000 cash was received from the sale.
Answer the following statement true (T) or false (F)
__________ is the use of mathematical algorithms to transform data into a form that is not readily intelligible, in which the transformation and subsequent recovery of the data depend on an algorithm and zero or more encryption keys.
What will be an ideal response?
Given the time to maturity, the duration of a zero-coupon bond is higher when the discount rate is
A. higher. B. lower. C. equal to the risk-free rate. D. The bond's duration is independent of the discount rate. E. None of the options are correct.