What is the type of account and normal balance of Allowance for Doubtful Accounts?
A) Contra asset, credit
B) Asset, debit
C) Asset, credit
D) Contra asset, debit
A
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Which of the following statements is not true about factor rotation?
A) Through rotation, the factor matrix is transformed into a simpler one that is easier to interpret. B) Rotation affects the communalities and the percentage of total variance explained. C) Preferably, each factor should have a nonzero, or significant, loadings or coefficients for only some of the variables. D) Different methods of rotation may result in the identification of different factors.
Conversion cost is the sum of direct labor cost and manufacturing overhead cost.
Answer the following statement true (T) or false (F)
A company is considering a proposal to invest $40,000 in a project that would provide the following net cash flows: Year 1 $ 6,500Year 2 12,700Year 3 15,000Year 4 12,800Compute the project's payback period.
What will be an ideal response?
A stock has a beta of 1.8. The expected market return is 10.5%. The equilibrium return for the stock is 17.30%. What is the risk-free rate according to the CAPM?
A) 1% B) 2% C) 3% D) 4% E) 5%