9) Which of the following statements is FALSE regarding cost-plus pricing? A) A company selects a cost base that it regards as reliable. B) A company uses a markup percentage that estimates a product price that covers full product costs and earns the required return on investment. C) The selling price computed is only a prospective price. D) The cost-plus price chosen has already […]
107.If office equipment is sold at cost in exchange for a promissory note, a. total liabilities increase. b. total assets remain the same. c. total liabilities and stockholders’ equity decrease. d. total assets decrease. 108.The declaration and payment of a dividend will a. decrease net income. b. not affect total assets. c. decrease stockholders’ equity. d. increase liabilities. […]
41. Roy DeSoto earns a regular hourly salary of $24.50. He is paid time-and-a-half for all hours in excess of 40 in the week. For the week ended March 8, 2013, he worked a total of 50 hours. His gross wages year to date, prior to his March 8, paycheck, are $11,980. Social Security Tax is 6.2%, Medicare Tax is 1.45%, federal unemployment tax is […]
71.The part of the labor-management negotiation process that focuses on dividing a fixed economic “pie” is known as _____. A.attitudinal structuring B.intraorganizational bargaining C.collective bargaining D.distributive bargaining E.integrative bargaining 72.The aspect of the labor-management negotiation process that refers to the relationship and level of trust between the negotiators is known as _____. A.attitudinal structuring B.distributive structuring […]
189.The following facts pertain to Rojas Corporation: Retained Earnings balance, December 31, 20×7 $550,000 Cash dividends declared and paid in 20×8 60,000 Cash dividends declared but not paid in 20×8 20,000 Retained Earnings balance reported on December 31, 20×8, balance sheet 675,000 On the basis of these facts, compute the amount of net income (loss) for Rojas Corporation for 20×8. […]
81. Accounting is an information and measurement system that does all of the following except: A. Identifies business activities. B. Records business activities. C. Communicates business activities. D. Does not use technology to improve accuracy in reporting. E. Helps people make better decisions. 82. Technology A. Has replaced accounting. B. Has not changed the work that accountants do. C. Has closely linked accounting with consulting, planning, and other financial services. D. In accounting has replaced […]
82. Fargo ManufacturingCondensed data from the financial statements of Fargo Manufacturing for 2012 and 2011 are presented below. The figures are expressed in thousands. Statement A 2012 2011 Total current assets $219,560 $180,080 Property, plant & equipment (net of accumulated depreciation) 18,320 12,724 Investments 3,370 1,061 Other assets 12,220 10,606 Total assets $253,470 $204,471 Total current liabilities 92,990 86,600 Long-term debt 15,160 […]
Question eVade Pays Up (Deloitte Trueblood Case 14-7) eVade, an online retailer, fulfills its online orders by shipping its products directly to customers in all 50 states. eVade does not have a brick-and-mortar store presence in any state, but does operate distribution centers in various states across the country, including State X. Consistent with its practice in all 50 states, eVade does not collect or […]
7) Product costs used for external reporting generally include: A) manufacturing costs only B) design costs plus manufacturing costs C) all costs incurred along the value chain D) All of these answers are correct. 8) Inventoriable costs for external reporting purposes are also called: A) product costs B) period costs C) variable costs D) direct manufacturing costs 9) For external reporting: A) costs are […]
37. In the area of cost-volume-profit analysis, the contribution margin ratio shows how much each dollar of sales contributes to: A. Covering the fixed costs of the business and providing operating income. B. Fixed expenses and variable expenses. C. Variable expenses and interest charges. D. Variable expenses when production is at normal capacity. 38. The margin of safety is calculated by: A. Dividing fixed costs plus target income […]
Instructions
The following are the best practices for creating your speech presentation:
Presentation Requirements (APA format)
Grading
This activity will be graded based on W6 Presentation Grading Rubric.
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