Define the differences between business and utility classes
What will be an ideal response?
"Business" classes are those that have a counterpart in the real world. Utility classes are those that lack a direct counterpart in the real world and are used to create objects that manage the responsibilities of the information system: to interact with the outside world, to make communication among business objects possible, and to save information when required.
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A high P/E ratio always indicates that a stock is overpriced by the market
a. True b. False Indicate whether the statement is true or false
The lower the interest rate, the lower the future value factor
Indicate whether the statement is true or false
Copper Company began operations in April and then engaged in the following transactions during April Performed services for cash $215,000 Performed services on credit 168,000 Purchased office supplies on account 56,000 Paid salaries in cash 29,000 Collected on account 22,000 Paid on account ? If the balance in cash after these transactions is $165,000, how much cash was paid on account?
A) $43,000 B) $57,000 C) $1,000 D) $21,000
The FIFO process costing method assumes that the items in ending work in process inventory were started and completed during the current period
Indicate whether the statement is true or false