151.Lester Company purchases a piece of equipment on Jan. 2, 20×7, for $30,000. The equipment has an estimated life of eight years or 50,000 units of production and an estimated residual value of $3,000. Lester uses a calendar fiscal year. The amount of depreciation to be recorded for 20×7, using the double-declining-balance method, is a. $7,500. b. $5,000. c. $5,500. d. $4,500. […]
Use the information below to answer the following question(s). Beauty Supply Company manufactures shampoo. The supervisor has provided the following information and stated that standard costing is used for manufacturing, marketing, and administrative costs. January February Beginning inventory 0 — Production 2,500 3,000 Sales 2,250 3,025 Other information: Selling price $20.00 Standard variable manufacturing cost/unit $8.00 […]
81. Production and sales estimates for March for the Finneaty Co. are as follows: Estimated inventory (units), March 1 17,500 Desired inventory (unit), March 31 19,300 Expected sales volume (units): Area M 6,000 Area L 7,000 Area O 9,000 Unit sales price $15 The number of units expected to be manufactured in March is: A. 22,000B. 1,800C. 23,800D. 20,200 82. Production and sales […]
81. A company had a bulldozer destroyed by fire. The bulldozer originally cost $125,000. The accumulated depreciation on it was $60,000. The proceeds from the insurance company were $90,000. The company should recognize: A. A loss of $25,000. B. A gain of $25,000. C. A loss of $65,000. D. A gain of $65,000. E. A gain of $90,000. 82. Blanket Corporation sold equipment for cash of $40,500. Accumulated […]
61. The useful life of a plant asset is: A. The length of time it is productively used in a company’s operations. B. Never related to its physical life. C. Its productive life, but not to exceed one year. D. Determined by the FASB. E. Determined by law. 62. Inadequacy refers to: A. The insufficient capacity of a company’s plant assets to meet the company’s growing production demands. B. An asset that is […]
31) Disc Company sells 400 discs per week. Purchase-order lead time is 3 weeks and the economic-order quantity is 900 units. What is the reorder point? A) 950 units B) 1,200 units C) 3,500 units D) 4,500 units E) 5,600 units 32) Owen-King Company sells optical equipment. Lens Company manufactures special glass lens. Owen-King Company orders 5,200 lens per year, 100 per week at […]
141. Which of the following is not considered to be a liability? A. Wages Payable B. Accounts Receivable C. Unearned Revenues D. Accounts Payable 142. Which of the following statements is not true about liabilities? A. Liabilities are debts owed to outsiders. B. Account titles of liabilities often include the term “payable”. C. Cash received before services are performed are considered to be liabilities. D. Liabilities do not include wages owed to employees of […]
3.2 Multiple-Choice Questions 1) Which of the following statements is true of the engaging attorney? A) The basic purpose of attorneys is to advocate for their clients. B) Attorneys are generally unwilling to sacrifice the expert’s reputation even at the cost of client. C) It is not possible to distinguish a bad attorney from a good one. D) Keeping the expert in the loop […]
177.Bagger, Inc. uses a process costing system. The following operating and cost data occurred during October: October 1, Inventory:30,000 units100% complete for materials($60,000) and 50% completefor direct labor ($7,500) andoverhead ($15,000) October 31, Inventory:20,000 units100% complete for materialsand 30% complete fordirect labor and overhead Units started during Oct.:40,000 units October production costs:Direct materials$110,100 Direct labor28,900 Overhead57,800 Materials are added at the beginning of the […]
111.Use this information to answer the following question. The Retained Earnings, Dividends, and Income Summary accounts for Gula’s Repair Corporation for the accounting period are presented below in T account form after the recording and posting of closing entries: The amount of net income (or net loss) for the period is a. $300 net loss. b. $300 net income. c. $900 […]
MULTIPLE CHOICE
1.Which of the following is true about the early stages of international involvement in firms with little or no formal organization?
a.All transactions are subject to a single standardized procedure.
b.Domestic operations assume responsibility for international marketing activities.
c.Consolidation of information and authority over international sales is undertaken.
d.The share of international operations in the sales of the corporation is initially high.
2.The _____ centralizes in one entity, with or without separate incorporation, and accepts all of the responsibility for worldwide activities.
a.export department structure
b.global division
c.international division
d.hybrid structure
3.Which of the following is true about international divisions?
a.The international division centralizes in several entities, without separate incorporation, and accepts all of the responsibility for international activities.
b.To avoid situations in which the international division is at a disadvantage in competing for production and related services, corporations need to coordinate between domestic and international operations.
c.The international division best serves firms with several products that vary significantly in terms of their environmental sensitivity, and when international sales and profits are quite significant compared with those of the domestic divisions.
d.The international division concentrates solely on manufacturing functions in order to take advantage of the economies of scale.
4.Which of the following global structures improves cost efficiency through centralization of manufacturing facilities?
a.Global functional structure
b.Global customer structure
c.Global product structure
d.Global mixed structure
5.Which of the following is an approach to organizational structure that gives worldwide responsibility to strategic business units for marketing their product lines?
a.Area structure
b.Functional structure
c.Mixed structure
d.Product structure
6.All-Techno Inc., a leading Florida-based software firm, has branches all over the world. Its operations are mainly divided into three regions comprising Europe, Asia, and the U.S. These divisions are responsible for all the manufacturing and marketing activities in their respective areas. What kind of organizational structure is being adopted by All-Techno?
a.Product structure
b.Functional structure
c.Area structure
d.Customer structure
7.If market conditions with respect to product acceptance and operating conditions vary dramatically, the _____ approach is the one to choose.
a.functional
b.customer
c.product
d.area
8.An approach to organizational structure that is based on which consumer groups are served is referred to as a(n) _____.
a.functional structure
b.area structure
c.customer structure
d.product structure
9.A(n) _____ structure combines two or more organizational dimensions simultaneously.
a.matrix
b.functional
c.area
d.mixed
10.Which approach to organizational structure refers to a business driven by a worldwide business unit and implemented by a geographic unit?
a.Mixed structure
b.Matrix structure
c.Functional structure
d.Shell structure
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more