A company's month-end adjusting entry for Insurance Expense is $1,000. If this entry is not made then expenses are understated by $1,000 and net income is overstated by $1,000.
Answer the following statement true (T) or false (F)
True
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The job that arrived first at a work center or machine will be processed first and completed. Which of the following priority rules does this statement represent?
A. first come, first served B. shortest processing time C. critical ratio D. earliest due date
Which of the following is true regarding breakup fees?
a. They are sometimes characterized as liquidated damages. b. The Securities and Exchange Commission prohibits the payment of breakup fees. c. Breakup fees are typically 20 to 25 percent of the value of the deal. d. They are sometimes characterized as liquidated damages, and breakup fees are typically 20 to 25 percent of the value of the deal.
Raindrip Corp can purchase a new machine for $1,875,000 that will provide an annual net cash
flow of $650,000 per year for five years. The machine will be sold for $120,000 after taxes at the end of year five. What is the net present value of the machine if the required rate of return is 13.5%. A) $513,859 B) $558,378 C) $473,498 D) $447,292
Fifteen people were given two types of cereal, Brand X and Brand Y. Two people preferred Brand X and thirteen people preferred Brand Y. We want to determine whether or not customers prefer one brand over the other. To test the null hypothesis, the appropriate probability distribution to use is
a. normal. b. chi-square. c. Poisson. d. binomial.