Which of the following is true for dollar cost averaging?
A) It allows us to purchase an unequal dollar amount of the same stock at equal time
intervals.
B) It allows us to purchase an equal dollar amount of the same stock at equal time intervals.
C) It allows us to purchase an unequal dollar amount of a different stock at equal time
intervals.
D) It allows us to purchase an equal dollar amount of a different stock at equal time intervals.
Answer: B) It allows us to purchase an equal dollar amount of the same stock at equal time intervals.
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________ refer to a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible
A) Co-brands B) Line extensions C) Services D) Pure products E) Horizontal extensions
The expense recognition principle, also called the matching principle:
A. Provides guidance on when a company must recognize revenue. B. Prescribes that accounting information is based on actual cost. C. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold. D. Prescribes that a company record the expenses it incurred to generate the revenue reported. E. Prescribes that a company report the details behind financial statements that would impact users' decisions.
In preparing a retail method of accounting worksheet, your accountant has provided you with the following data:
December 1, 20XX - December 31, 20YY At Cost At Retail Beginning inventory $ 70,000 135,000 Net purchases 650,000 1,300,000 Additional markups --- 100,000 Transportation charges 12,000 --- What is the correct cost complement? a. .48 b. .50 c. .52 d. 2.1
Once equivalent units are calculated for materials, this number will also be used for direct labor and factory overhead.
Answer the following statement true (T) or false (F)