In computer graphics, a template
A) is a tool for creating curves and geometric shapes.
B) helps ensure an effective design and saves you the time of making numerous decisions every time you create a chart or graphic.
C) is any kind of chart generated by a spreadsheet program.
D) is a tool for creating classic architectural views.
E) is helpful only for those who cannot use basic software functions.
Answer: B
Explanation: B) Templates ensure an effective design and saves you time by eliminating many design decisions for new charts or graphics.
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The modified cash basis to determine warranty expense
A) violates the matching concept. B) requires recognition in the period of sale of the estimated warranty expense and warranty liability. C) separates accounting for two components of the sales price: the price of the product and the price of the warranty. D) records warranty expense when the merchandise under warranty is sold.
Which of the following is not an example of typical analytical procedures related to debt obligations?
a. Perform a trend analysis of the balances in notes payable, interest expense, and accrued interest with prior periods, considering known client activities related to debt. b. Calculate the total debt-to-equity ratio and perform a trend analysis with prior periods. c. Calculate the times interest earned ratio and perform a trend analysis with prior periods. d. Calculate the current ratio and perform a trend analysis with prior periods.
A company has sales of $739,200 and cost of goods sold of $296,200. Its gross profit equals:
A. $739,200. B. $1,035,400. C. $(443,000). D. $443,000. E. $296,200.
You have the following data on three stocks: StockStandard DeviationBetaA20%0.59B10%0.61C12%1.29If you are a strict risk minimizer, you would choose Stock ____ if it is to be held in isolation and Stock ____ if it is to be held as part of a well-diversified portfolio.
A. A; A. B. A; B. C. B; A. D. C; A. E. C; B.