If an estimate for an activity is deterministic, then ______.
A. sufficient historical information is available to make this determination with a reasonable degree of accuracy
B. the estimate is based on the probability that the activity will be completed in a given time frame
C. the estimate is based on the probability that the activity will be completed in a given time frame plus/minus three standard deviations
D. the estimate is based on a stochastic model
A. sufficient historical information is available to make this determination with a reasonable degree of accuracy
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You purchased 3,000 shares of a mutual fund at an offer price of $7.10 per share. Several months later you sold the shares for $8.45 per share. During the time you owned the shares, the fund paid a dividend of $0.29 per share. What was your return on investment? (Round to the nearest tenth)
A. 16.0% B. 19.0% C. 23.1% D. ?16.0%
The first step in a financial analysis of a company includes:
A. ratio analysis. B. pro forma balance sheet construction. C. statement of cash flows construction. D. profit and loss analysis. E. pro forma income statement construction
Ellie's Candies, Inc produces gummy bears
The company purchases raw materials, stores them in a warehouse, and then runs them through two processes: production and packaging. During September, the production process incurred the following costs in processing 20,000 gummy bears: Wages of workers operating production equipment $50,500 Manufacturing overhead allocated to the production department 8,000 Direct materials 210,000 Use the FIFO method to compute the September conversion costs in the Production Department. A) $58,500 B) $268,500 C) $50,500 D) $8,000
Which of the following accounts showing a balance on the post-closing trial balance indicate an error?
A. Retained earnings. B. Accumulated Depreciation-Office Equipment. C. Depreciation Expense-Office Equipment. D. Salaries Payable. E. Office Equipment.