Acquisition by a state of property previously held by private persons or companies, usually in exchange for some consideration is called ________
A. expropriation
B. nationalization
C. privatization
D. municipalization
B
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Which of the following is a disadvantage of surveys (Table 4.3 in the text)?
A) interviewer errors; respondent errors B) data is lacking in terms of content, quantity, and quality C) data may not be representative; quality of data limited D) coverage may be incomplete; matching of data on the competitive activity may be difficult
When preparing a statement of cash flows using the indirect method, why is depreciation added back to net income within the operating activities section?
When computing the quick ratio, a short-term note receivable would be included
Indicate whether the statement is true or false
Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: Units:Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion.Units started and completed: 250,000.Units completed and transferred out: 330,000.Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion. Costs:Costs in beginning Work in Process - Direct Materials: $37,200.Costs in beginning Work in Process - Conversion: $79,700.Costs incurred in October - Direct Materials: $646,800.Costs incurred in October - Conversion: $919,300. Calculate the cost per equivalent unit of conversion.
A. $2.76 B. $3.15 C. $3.00 D. $3.68 E. $2.90