51. The amount of income that would result from an alternative use of cash is called: A. differential income B. sunk cost C. differential revenue D. opportunity cost 52. Pheasant Co. can further process Product B to produce Product C. Product B is currently selling for $30 per pound and costs $28 per pound to produce. Product C would sell for $60 per pound and would require an […]
91. Contractors who sell to government agencies would be most likely to use which of the following cost concepts in pricing their products? A. Variable costB. Product costC. Total costD. Fixed cost 92. The target cost approach assumes that: A. markup is added to total costB. the selling price is set by the marketplaceC. markup is added to variable costD. markup is added to product cost 93. Magpie Corporation uses the total cost concept […]
Objective 3.9 1) Gross margin is ________. A) sales revenue less variable costs B) sales revenue less cost of goods sold C) contribution margin less fixed costs D) contribution margin less variable costs 2) In the merchandising sector ________. A) only variable costs are subtracted to determine gross margin B) fixed overhead costs are subtracted to determine gross margin C) fixed overhead costs […]
Matching Questions 86. Match the accounting terms with the description. 1. Canceled check A statement that accounts for all differences between the balance on the bank statement and the book balance of cash 2. Blank endorsement A signature of the payee written on the back of the check that transfers ownership of the check without specifying to whom or for what purpose 3. Bonding The […]
195.Financial information for Sigma Company is presented below. Calculate the following ratios for 2016: (a) Inventory turnover. (b) Accounts receivable turnover. (c) Return on total assets. (d) Times interest earned. (e) Total asset turnover. 20162015 Assets: Cash$18,000$22,000 Marketable securities25,0000 Accounts receivable38,00042,000 Inventory61,00052,000 Prepaid insurance6,0009,000 Long-term investments49,00020,000 Plant assets, net 218,000 225,000 Total assets $415,000 $370,000 Net income$62,250 Sales (all on credit)305,000 Cost of goods sold123,000 Interest expense15,600 Income […]
Learning Objective 1-4 1) Team Shirts, Inc. pays $600 for insurance. This transaction ________. A) causes total assets to increase and total liabilities to increase B) causes total liabilities to increase and retained earnings to decrease C) is an investing activity D) is an operating activity 2) A balance sheet ________. A) describes the financial situation of a company at a specific […]
21) Using the indirect method of statement of cash flows, which of the following would be added to net income? A) Depletion expense B) An increase in accounts receivable C) A decrease in accounts payable D) A gain on the sale of property 22) On a statement of cash flows prepared using the indirect method, an increase in Accounts Payable during the period is: […]
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 24) After-tax cash-operating flows are equal to 24) ______ A) (one minus the tax rate) times (net income). B) (one minus the tax rate) times (operating income) plus CCA. C) (one minus the tax rate) times (sales less costs including CCA). D) sales less (one minus the tax rate) […]
164. Put the following in the order of the flow of manufacturing costs for a companya. Closing under/over applied factory overhead to cost of goods soldb. Materials purchasedc. Factory labor used and factory overhead incurred in productiond. Completed jobs moved to finished goodse. Factory overhead applied to jobs according to the predetermined overhead ratef. Materials requisitioned to jobsg. Selling of finished producth. Preparation of financial […]
81. Which of the following is an example of a non-financial measure? A. lead time B. setup time C. units scrapped D. all of the above 82. Which of the following is best suited to providing timely and focused performance information? A. non-financial information B. financial accounting information C. cost accounting information D. variance analysis 83. Rabbitt Co. operates in a just-in-time manufacturing environment. For June production, Rabbitt purchased 5,000 units of […]
hypothesis testing by writing a paper that addresses the following:
Length:1-2 pages
Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.
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