If a stock is purchased at the beginning of a year, a single dividend is paid at the end of the year and the stock is sold immediately after the dividend has been received. In this case
A) the internal rate of return is lower than the holding period return.
B) the holding period return. is lower than the internal rate of return.
C) it is not possible to calculate the internal rate of return.
D) the internal rate of return equals the holding period return.
Answer: D
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Which of the following statements is true?
A. Partners are employees of the partnership. B. Salary allowances usually reflect the relative value of services provided by partners. C. Interest allowances are expenses. D. Salary allowances are expenses. E. Salaries to partners are expenses on the partnership income statement.
Which of the following is not true regarding kaizen costing?
A) It is concerned with reducing the costs of existing products and processes. B) It tries to reduce both value-added and nonvalue-added costs. C) The cost reduction process is accomplished through the repetitive use of the kaizen cycle and the maintenance cycle. D) The kaizen standard reflects the planned improvement for the upcoming period. E) All of these are true.
The geometric mean of 1, 1, 8 is
a. 10.0. b. 2.0. c. 3.33. d. 3.0.
Prepare the required general journal entry to record the following transactions for the O'Harra Company.
a. Used $78,000 of direct labor in the production department. b. Used $17,000 of indirect labor.