You should probably avoid mutual funds with expense ratios higher than
A. 0.3%.
B. 0.66%.
C. 1%.
D. 1.5%.
Answer: D
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Indicate whether the statement is true or false
Neptune Ltd. has the following information available for 2011 and 2012: 2011 2012 Current assets $120,000 $ 240,000 Long-term assets 60,000 120,000 Total assets $180,000 $360,000 Converting the 2012 column into a common-size statement would show current assets as being:
A) 60 percent higher than 2011 current assets. B) 67 percent of 2012 total assets. C) 71 percent of 2011 total assets. D) 50 percent higher than 2012 long-term assets.
A contract involving mutual mistake of value is ________.
A. rescindable B. ambiguous C. enforceable D. void
Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: ?Estimated machine-hours 36,000 ?Estimated variable manufacturing overhead$3.01per machine-hour?Estimated total fixed manufacturing overhead$1,058,040 ?? The predetermined overhead rate for the recently completed year was closest to:
A. $32.81 per machine-hour B. $3.01 per machine-hour C. $29.39 per machine-hour D. $32.40 per machine-hour