In capital budgeting, risk is generally thought of as the chance that NPV and IRR will provide conflicting recommendations to management
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FALSE
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The board of directors of Berweck Corporation declared a cash dividend on January 18, 2010, to be paid on February 18, 2010, to shareholders holding the stock on February 2, 2010 . Given these facts, the date February 2, 2010, is referred to as the
a. date of declaration. b. date of payment. c. ex-dividend date. d. date of record.
Sales returns and allowances are deducted from gross sales on the income statement
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Tremble Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$99?Fixed costs per year: Direct labor$822,800?Fixed manufacturing overhead$3,678,400?Fixed selling and administrative expenses$3,736,000?The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 48,400 units and sold 46,700 units. The company's only product is sold for $198 per unit.Assume that the company uses an absorption costing system that assigns $17 of direct labor cost and $76 of fixed manufacturing overhead to each unit that is produced. The unit product cost under this
costing system is: A. $272 per unit B. $116 per unit C. $99 per unit D. $192 per unit
Adding an additional part to a component or product ordinarily reduces reliability by introducing an additional source of failure
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