The portfolio expected return of two investments:
a. will be higher when the covariance is zero.
b. will be higher when the covariance is negative.
c. will be higher when the covariance is positive.
d. does not depend on the covariance.
D
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In goods retailing, consumers purchase goods; in rented-goods services, they lease goods
Indicate whether the statement is true or false
Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance. Direct materials standard (6 lbs. @ $2/lb.)$12 per finished unitActual direct materials used 243,000 lbs.Actual finished units produced 40,000 unitsActual cost of direct materials used$483,570
A. $2,430 unfavorable. B. $6,000 unfavorable. C. $3,570 favorable. D. $2,430 favorable. E. $3,570 unfavorable.
Which of the following is TRUE about the allowance method of accounting for uncollectible accounts?
A) It requires a business to estimate bad debt expense. B) It requires a business to record only actual bad debt expense. C) It allows a business to choose between recording actual or estimated bad debt expense. D) It is not allowed under GAAP.
Asteroid Industries accumulated the following cost information for the year: Direct materials$16,000 Indirect materials 4,000 Indirect labor 8,500 Factory depreciation 12,800 Direct labor 37,000 Using the above information, total factory overhead costs equal:
A. $16,800. B. $53,000. C. $25,300. D. $12,800. E. $78,300.