The sale of ships and aircraft are excluded from coverage by the CISG
a. True
b. False
Indicate whether the statement is true or false
True
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The student population of Moon University at the end of the last five years is provided in B2:B6. Which formula in B7 will allow you to determine the student population growth rate from the end of year 1 to the end of year 5?
a) =RATE(A6,0,B2,B6)
b) =RATE(A6+1,0,-B2,B6)
c) =RATE(COUNT(B2:B6)-1,0,-B2,B6)
d) =RATE(A2,0,B2,B6)
Answer the following statements true (T) or false (F)
1. Equity investments with no significant influence must be adjusted at the end of the year and reported at fair value. 2. For equity investments with no significant influence, the unrealized holding gain or loss is reported as a component of stockholders' equity. 3. The rate of return on total assets is a ratio that measures a company's success in using its assets to earn income. 4. The rate of return on total assets is calculated by first subtracting interest expense from net income and then dividing the result by average total assets. 5. A company can finance its assets by receiving cash or other assets from stockholders. 6. Creditors invest in a company and hope to receive a return on their investment. 7. A 9% rate of return on total assets means that the company earned $0.09 for each $1.00 invested in the company's average long-term assets.
Which of the following would be classified as a prime cost?
A) cost of direct materials used B) depreciation on factory equipment C) salary of sales personnel D) depreciation on office furniture
Which of the following statements is correct with regard to random variation?
a. It occurs as the result of chance b. It is inherent in practically any process c. It leads to random variation in the product d. It can often be reduced by using more expensive machines or materials e. All of these statements are correct