In many projects, when large dollar amounts are expended for materials or services that are used over a period longer than one cost reporting period, they can be referred to as ____ costs
a. committed
b. conventional
c. conventional
d. cumulative
a
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The Wise Company acquired a 20% interest in the outstanding common stock of the Smith Company. The Wise Company can exercise significant influence over the operating and financial policies of the Smith Company. The Wise Company should account for its investment in the Smith Company by using the
A) equity method. B) cost method. C) securities held-to-maturity method. D) lower of cost or market method.
Dina asks Edie to co-sign a credit application so that she can borrow money and buy a piano from First Chair, a musical instruments and supplies seller. If, after the loan agreement is signed, Dina agrees to a higher rate of interest without telling Edie, then Edie is
a. discharged from the agreement. b. liable at the higher rate of interest. c. liable at the lower rate of interest. d. liable for the principal only.
An integer programming (maximization) problem was first solved as a linear programming problem, and the objective function value (profit) was $253.67. The two decision variables (X, Y) in the problem had values of X = 12.45 and Y = 32.75
If there is a single optimal solution, which of the following must be true for the optimal integer solution to this problem? A) X = 12 Y = 32 B) X = 12 Y = 33 C) The objective function value must be less than $253.67. D) The objective function value will be greater than $253.67. E) None of the above
Glenna Gayle common stock sells for $55, and dividends paid last year were $1.35. Flotation costs on issuing
stock will be 8% of the market price. The dividends are predicted to have a 10% growth rate. What is the cost of internal equity, and new equity, respectively for Glenna Gayle?