External link to Question : 161. If sales $400,000, variable costs 80% of sales, and operating : 1246788

Question : 161. If sales $400,000, variable costs 80% of sales, and operating : 1246788

    161. If sales are $400,000, variable costs are 80% of sales, and operating income is $40,000, what is the operating leverage? A. 0B. 7.500C. 2.0D. 1.333   162. If a business had a margin of safety ratio of 20%, variable costs of 75% of sales, fixed costs of $240,000, a break-even point of $960,000, and operating income of $60,000 for the current year, what are the current year’s sales? A. $1,200,000B. $1,040,000C. $1,260,000D. $1,020,000   […]

External link to Question : 31. When considering whether a business segment should be eliminated, : 1256765

Question : 31. When considering whether a business segment should be eliminated, : 1256765

    31. When considering whether a business segment should be eliminated, unavoidable expenses are amounts that will continue even if a given segment is eliminated.     Multiple Choice Questions     32. An opportunity cost:A.  Is an unavoidable cost.B.  Requires a current outlay of cash.C.  Results from past managerial decisions.D.  Is the lost benefit of choosing an alternative course of action.E.  Is irrelevant […]

External link to Question : 75.Joseph Company considering replacing an existing piece of machinery with : 1259733

Question : 75.Joseph Company considering replacing an existing piece of machinery with : 1259733

    75.Joseph Company is considering replacing an existing piece of machinery with newer technology. In deciding whether to replace the existing machinery, management should consider which costs as relevant?    A. Future costs which will be classified as fixed rather than variable.   B. Future costs which will be different under the two alternatives.   C. Sunk costs associated with the old machine.   D. Historical costs associated with […]

External link to Question : 187. The following balance sheet contains errors. Brock Morton Services Co.Balance SheetFor : 1239737

Question : 187. The following balance sheet contains errors. Brock Morton Services Co.Balance SheetFor : 1239737

  187. The following balance sheet contains errors.  Brock Morton Services Co.Balance SheetFor the Year Ended December 31, 2011           Assets     Liabilities   Current assets:     Current liabilities:       Cash $  7,170       Accounts receivable $  10,000     Accounts payable 7,500      Accum. depr.—building 12,525     Supplies 2,590      Accum. depr.—equipment 7,340     Prepaid insurance 800   […]

External link to Question : 127.Use this information to answer the following question. Alcorn & Zeto : 1244345

Question : 127.Use this information to answer the following question. Alcorn & Zeto : 1244345

127.Use this information to answer the following question.   Alcorn & Zeto Company Income Statement For the Year Ended December 31, 20×7 Revenues   Net sales $100,000     Dividend income      8,750   Total revenues   $108,750 Costs and expenses   Costs of goods sold $ 33,500     Selling expenses 10,000     General and administrative expenses 10,250     Interest expense      […]

External link to Question : 71) Melik Company provided the following information. Budgeted input12,000 kilograms Actual input15,000 litres Budgeted : 1196090

Question : 71) Melik Company provided the following information. Budgeted input12,000 kilograms Actual input15,000 litres Budgeted : 1196090

  71) Melik Company provided the following information.   Budgeted input12,000 kilograms Actual input15,000 litres Budgeted production5,000 units Actual production4,750 units   What is the partial productivity ratio? 71) ______ A) 0.32 units per kilogram B) 0.33 units per kilogram C) 3.16 units per kilogram D) 1.71 units per kilogram E) 0.40 units per kilogram 72) Which of the following statements is TRUE concerning productivity? […]

External link to Question : 71. U.S. GAAP requires that the statement of cash flows disclose : 1230584

Question : 71. U.S. GAAP requires that the statement of cash flows disclose : 1230584

    71. U.S. GAAP requires that the statement of cash flows disclose the amount of cash flows arising fromfinancing activities including  A. short-term and long-term borrowing and repaying short-term or long-term borrowing B. issuing of common or preferred stock and reacquiring shares of outstanding common or preferred stock C. payment of dividends to stockholders D. all of the above E. none of the above   72. On the statement of cash […]

External link to Question : 111. In comparing the canceled checks the bank statement with the : 1256890

Question : 111. In comparing the canceled checks the bank statement with the : 1256890

    111. In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that check number 2889 for December’s utilities was correctly written and drawn for $790 but was erroneously entered in the accounting records as $970. The journal entry to adjust the books for the bank reconciliation would include which of the following for this situation?  […]

External link to Question : 131. If title to merchandise purchases passes to the buyer when : 1239759

Question : 131. If title to merchandise purchases passes to the buyer when : 1239759

    131. If title to merchandise purchases passes to the buyer when the goods are shipped from the seller, the terms are   A. n/30 B. FOB shipping point C. FOB destination D. consigned   132. Merchandise with an invoice price of $3,000 is purchased on September 2 subject to terms of 2/10, n/30, FOB destination.  Freight costs paid by the seller totaled $200.  What is the cost of the […]

External link to Question : 65.Brown invested $200,000 and Freeman invested $150,000 in a partnership. : 1258258

Question : 65.Brown invested $200,000 and Freeman invested $150,000 in a partnership. : 1258258

  65.Brown invested $200,000 and Freeman invested $150,000 in a partnership. They agreed to an interest allowance on the partners’ beginning-year capital investments at 10%, with the balance to be shared equally. Under this agreement, the shares of the partners when the partnership earns $205,000 in income are:     A.$102,500 to Brown; $102,500 to Freeman. B.$117,143 to Brown; $87,857 to Freeman. C.$122,500 to Brown; $82,500 […]

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