11) Normal spoilage totals ________. A) 7,200 units B) 0 units C) 13,000 units D) 5,800 units 12) Abnormal spoilage totals ________. A) 5,800 units B) 0 units C) 7,200 units D) 13,000 units 13) What is the total cost per equivalent unit using the weighted-average method of process costing? A) $4.00 B) $2.40 C) $2.00 D) $4.40 14) What cost is allocated […]
11) The Maize Eagles are evaluating ticket prices for its basketball games. Studies show that Friday and Saturday night games average more than twice the number of fans compared to other days. The following information pertains to the stadium’s normal operations per season: Average fans per game (all games)2,500fans Average fans per Friday and Saturday night games3,500fans Number of home games per season30games […]
130. Williams Company began business on May 1. They use the perpetual inventory method. The following transactions involving purchases and cash disbursements occurred during the first week of May: May 2 Purchased $25,000 of merchandise inventory on credit from the Sioux City Company, terms 2/10, n/30. Invoice dated May 1. May 3 Purchased $12,000 of merchandise inventory on credit from the Wichita Company, terms 2/10, […]
138. On January 1, a company issues bonds dated January 1 with a par value of $300,000. The bonds mature in 5 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $312,177. The journal entry to record the first interest paymentusing straight-line amortization is: A. Debit Interest […]
Multiple Choice Questions 165. The primary purpose for using an inventory flow assumption is to: A. Parallel the physical flow of units of merchandise. B. Offset against revenue an appropriate cost of goods sold. C. Minimize income taxes. D. Maximize the reported amount of net income. 166. Ace Auto Supply uses a perpetual inventory record. On March 10, the company sells two Shelby four-barrel carburetors. Immediately prior […]
Multiple Choice Questions 60.Damaged and obsolete goods that can be sold: A.Are never counted as inventory. B.Are included in inventory at their full cost. C.Are included in inventory at their net realizable value. D.Should be disposed of immediately. E.Are assigned a value of zero. 61.Merchandise inventory includes: A.All goods owned by a company and held for […]
11) Team Shirts had net income of $23,000. The balance sheet showed beginning and ending balances in shareholders’ equity of $100,000 and $110,000, respectively. There were no preferred shares and 20,000 common shares outstanding. Calculate the return on equity. A) 21.9% B) 1.15% C) 5.25% D) 4.56% 12) Romax Company had net income of $147,000. The balance sheet showed beginning and ending balances in […]
71. Gibson Corporation makes indoor gas fireplaces. A standard fireplace includes unit-level materials, labor, and overhead costs. In addition, the company incurs product-level engineering and advertising costs. The sales staff is paid a 5% commission on each fireplace sold. A sales representative has been in contact with a building developer who wants to buy 20 fireplaces only if he can buy them at amount lower […]
156. April 14 Equipment 6,700 Cash 2,000 Note Payable 4,700 ???????????? Which is the best explanation for this journal entry? A. Purchased equipment, paid cash of $2,000, with the remainder to be paid in the future.B. Purchased equipment, paid cash […]
Answer the following questions using the information below: Short Grass Incorporated is a distributor of golf balls. Martin’s Golf Supplies is a local retail outlet which sells golf balls. Martin’s purchases the golf balls from Short Grass Incorporated at $0.75 per ball; the golf balls are shipped in cartons of 72. Short Grass Incorporated pays all incoming freight, and Martin’s Golf Supplies does […]
Prior to beginning work on this assignment, review The Five Practices of Exemplary Leadership® ModelLinks to an external site., read the Transformational Leadership Can Improve Workforce CompetenciesLinks to an external site. article and watch the Week 5 Assignment video above with Dr. Williams G. Woods of Forbes School of Business and Technology.
As a leader, it is beneficial to have a core set of practices that can be effective in routine times and also during difficult or very challenging times. The leadership practices by Kouzes and Posner are based upon the transformational leadership model. Organizational leaders must plan to continually improve as leaders while also seeking to improve the performance of other leadership team members and of the rest of the organization. Adopting guiding principles or practices can help in the planning phases for leading when hard times occur.
In your paper,
The Leadership in Hard Times paper
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