The weighted average cost of capital is the minimum required return that must be earned on additional investment if firm value is to remain unchanged

Allen Boating Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor

Allen uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 1 pound per unit; $11 per pound Direct labor: 4 hours per unit; $19 per hour Allen produced 4,000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 7,500 pounds of direct materials and actual total materials costs were $99,300. What is the direct materials efficiency variance? A) $44,000 U B) $38,500 U C) $44,000 F D) $38,500 F

You made a statement that induced a person to act as a result of relying on that statement. The legal principle that now prevents you from asserting facts that are contrary to your previous declaration is known as

A. estoppel. B. ratification. C. respondeat superior. D. laches.