Answer: False
Explanation:
Different departments incur different types of costs based on the product that they are producing. It would therefore not be right to use the same rate for all departments as it might capture cost inadequately.
The overhead rate should always take into account the unique circumstances of a department such that costs can be assigned as accurately as possible.
<span>The process of perception is a way of creating a mental impression that allows a person to become aware, comprehend or analyze information. Through this process, a person generates their own thoughts, judgments, beliefs, ideas and estimations by using visual, audio, taste and sensory elements that they interact with</span>
Answer:
Adv./Dec. Cumulative
Monday 1 1
Tuesday 2 3
Wednesday 1 4
Thursday 5 9
Friday 1 10
Explanation:
Note: See the attached excel file for the construction of he advance/decline line for the stock market.
Answer:
No financial statement revision.
Explanation:
Financial statements are a snap shot of the performance of a business within a given period. The period is always defined and can be a month, a quarter, biannual, or a year.
In this instance the financial statements for the previous year has already been prepared, and Advertiser Co.’s directors voted immediately after year end to double the advertising budget for the coming year and authorized a change in advertising agencies.
There will be no revision of financial statement as this activity happened after the year the financial statement is reporting for.
The cost of equity is a term used in finance to describe the return (usually expressed as a rate of return) that a firm theoretically offers to its equity investors, or shareholders, in order to make up for the risk they assume by investing their money. A firm needs cash from various sources in order to operate and grow. Those individuals and organizations who are willing to offer money to others naturally desire payment. Just as landlords want rent for their homes, capital providers seek returns on their investments that must be proportional to the level of risk involved.
Given :
Risk free rate = 4.5%
Beta = 1.75
Equity risk premium= 4.25%
To find :
Cost of equity
Solution :
Cost of equity is given by,
=Risk-Free Rate of Return + Beta × (Equity risk premium)
= 4.5+1.75×(4.25)
=4.5+7.4375
=11.9375%
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