External link to Question : 101. A business operated at 100% of capacity during its first : 1239535

Question : 101. A business operated at 100% of capacity during its first : 1239535

    101. A business operated at 100% of capacity during its first month, with the following results:  Sales (90 units)   $90,000 Production costs (100 units):       Direct materials $40,000     Direct labor 20,000     Variable factory overhead 2,000     Fixed factory overhead    7,000 69,000       Operating expenses:       Variable operating expenses $ 8,000   […]

External link to Question : 45.Design Services organized as a limited partnership, with Miko Toori : 1236406

Question : 45.Design Services organized as a limited partnership, with Miko Toori : 1236406

  45.Design Services is organized as a limited partnership, with Miko Toori as one of its partners. Miko’s capital account began the year with a balance of $35,000. During the year, Miko’s share of the partnership income was $7,500, and Miko received $4,000 in distributions from the partnership. What is Miko’s partner return on equity?     A.10.2% B.22.7% C.19.5% D.20.4% E.21.4% 46.The following information is […]

External link to Question : 11) Planning the performance of the organization, providing a frame : 1186307

Question : 11) Planning the performance of the organization, providing a frame : 1186307

  11) Planning the performance of the organization, providing a frame of reference, and investigating variances are part of the A) budgetary cycle. B) cash budget. C) financing budget. D) master budget. E) production budget.   12) The master budget embraces the impact of A) operating and managerial decisions. B) operating and financing decisions. C) financing and managerial decisions. D) operating, managerial, and financing decisions. […]

External link to Question : 31) The balance in the Unrealized Gains and Losses Available-for-sale : 1230245

Question : 31) The balance in the Unrealized Gains and Losses Available-for-sale : 1230245

    31) The balance in the Unrealized Gains and Losses on Available-for-sale Securities account appear in which financial statement? A) The balance sheet as a contra asset account. B) The income statement under Other Expenses and Losses. C) The balance sheet, as part of the stockholders’ equity section. D) Not shown on the financial statements until the securities are sold.   32) The Unrealized […]

External link to Question : Multiple Choice Questions 35.Extraordinary items found the income statement: A. Before discontinued operations. B. Af : 1259487

Question : Multiple Choice Questions 35.Extraordinary items found the income statement: A. Before discontinued operations. B. Af : 1259487

  Multiple Choice Questions  35.Extraordinary items are found on the income statement:    A. Before discontinued operations.   B. After discontinued operations.   C. Before income from continuing operations.   D. After prior period adjustments.         36.Doogle Corporation sold a segment of its operations in 2014 and suffered an extraordinary loss in 2015. Which of the following would be the most useful in attempting to predict Doogle’s […]

External link to Question : 51. The Baffin Factory has determined that its budgeted factory overhead : 1246999

Question : 51. The Baffin Factory has determined that its budgeted factory overhead : 1246999

    51. The Baffin Factory has determined that its budgeted factory overhead budget for the year is $7,750,000 and budgeted direct labor hours are 5,000,000. Using the single plantwide factory overhead rate based on direct labor hours, determine the factory overhead rate for the year.  A. $1.55 B. $1.20 C. $.74 D. cannot be determined   52. The Cunningham Factory has determined that its budgeted factory overhead budget for the […]

External link to Question : 71.Cash outflows generated by capital investments include all of the : 1257027

Question : 71.Cash outflows generated by capital investments include all of the : 1257027

    71.Cash outflows generated by capital investments include all of the following except:    A. annual depreciation of the capital asset.   B. initial investment in the capital asset.   C. increase in operating expenses.   D. increase in the amount of required working capital     72.Seth Morrison is considering alternative proposals that involve different amounts of investments. To compare different size investment proposals, it may be helpful […]

External link to Question : 51) M and N Sporting Goods reports these selected transactions : 1212677

Question : 51) M and N Sporting Goods reports these selected transactions : 1212677

51) M and N Sporting Goods reports these selected transactions for the month of July:   July 9Issued invoice No. 159 for a sale on account to Evans Company, $4,600, terms 1/10 n/30. The cost of the merchandise was $2,700.   10Issued invoice No. 160 for a sale on account to Sails and Boats, $5,700, terms 2/15 n/45. The cost of the merchandise was $2,450. […]

External link to Question : 11) Smiley Face Company manufactures signs from direct materials to : 1211762

Question : 11) Smiley Face Company manufactures signs from direct materials to : 1211762

  11) Smiley Face Company manufactures signs from direct materials to the finished product. This is considered ________. A) insourcing B) outsourcing C) right-shoring D) fragmentation   12) Which of the following would be considered in a make-or-buy decision? A) fixed costs that will no longer be incurred B) prepaid rent expense for warehousing finished goods and inventories C) potential rental income from space occupied […]

External link to Question : 71. Which method of evaluating capital investment proposals uses present value : 1233947

Question : 71. Which method of evaluating capital investment proposals uses present value : 1233947

  71. Which method of evaluating capital investment proposals uses present value concepts to compute the rate of return from the net cash flows expected from capital investment proposals? A. Internal rate of returnB. Cash paybackC. Net present valueD. Average rate of return 72. A series of equal cash flows at fixed intervals is termed a(n): A. present value indexB. price-level indexC. net cash flowD. annuity 73. The present value index is computed using which of the following […]

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