Using students from one class would provide a simple random sample for all university students
Indicate whether the statement is true or false
False
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Which of the following is a key benefit of using the degree of leverage concept in financial analysis?
A. It allows decision makers a relatively clear assessment of the consequences of alternative actions. B. It establishes the optimal capital structure for the firm. C. It shows how a given change in leverage will affect sales. D. It identifies, with certainty, the future net income based upon sales projections about the future. E. None of the above statements is correct.
Lulene makes the best lemon meringue pies in Mississippi. So Ellen, who owns Ellen's Old Fashion Cafe, contracts with Lulene to buy 50 pies per week at the price of $5.00 per pie. Although Lulene took a class in business law, she forgot to get her agreement with Ellen in writing. Lulene and Ellen agreed during a chat. Lulene said: "I will supply you with lemon meringue pies for however long you
want them at $5.00 per pie." Ellen said: "That's great, I'll take them." Both women were pleased. Soon Lulene had a problem. Between a hurricane in Florida and brush fires in California, the price of lemons increased by 200%. Now, instead of the $5.00 per pie price she intended to charge Ellen, she feels she must charge $7.00 per pie to make a little profit. Lulene calls Ellen with the bad news and Ellen has a fit. She tells Lulene that's too bad, but the deal is off. Lulene says, "That's what you think!" and goes to see Amanda, her attorney. After Lulene offers to supply Ellen with pies for as long as she wants them, Ellen then says "I don't really like lemon meringue, how about blueberry?" The offer was terminated: a. by illegality b. by lapse of time c. by conditionality d. by revocation e. by counteroffer
The owner's capital account is closed at the end of each accounting period.
Answer the following statement true (T) or false (F)
The controller of Hendershot Company estimates the amount of materials handling overhead cost that should be allocated to the company's two products using the data that are given below: WallMirrorsSpecialtyWindowsTotal expected units produced6,0003,000Total expected material moves500100Expected direct labor-hours per unit69The total materials handling cost for the year is expected to be $6,123.60.If the materials handling cost is allocated on the basis of direct labor-hours, the total materials handling cost allocated to the wall mirrors is closest to:(Round your intermediate calculations to 4 decimal places.)
A. $3,499 B. $2,449 C. $4,144 D. $3,062