If we are using a Monte Carlo simulation model, we should expect the model to produce the same results for each set of random numbers used
Indicate whether the statement is true or false
FALSE
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Lucky Company purchased a truck at a cost of $12,000 in 2010 . As of January 1, 2015, depreciation of $10,000 had been recorded on this asset. Depreciation expense for 2015 is $2,000 . After the adjustments are recorded and posted at December 31, 2015, what is the carrying value of the truck?
a. $ 2,000 b. $ 5,500 c. $12,000 d. $ -0-
Intrinsic satisfaction is derived from rewards such as promotions, salary increases, and sales contests
Indicate whether the statement is true or false
In a process cost system, the cost attributable to abnormal losses that occur due to unexpected circumstances such as machine operator error should be assigned to:
a. Ending work in process inventory. b. Cost of goods manufactured and ending work in process inventory in the ratio of units worked on during the period to units remaining in work in process inventory. c. A separate loss account in order to highlight production inefficiencies d. Cost of good manufactured (transferred out)
Which of the following is NOT a perceptual bias that results in misperception of others?
a. Stratification b. Similar-to-me effect c Selective perception d. Halo effect