5) How much will appraisal costs change assuming the new prevention methods reduce material failures by 40% in the appraisal phase? A) $140,000 decrease B) $60,000 increase C) $50,000 decrease D) $22,500 decrease 6) How much will internal failure costs change if the internal product failures are reduced by 1/3 with the new procedures? A) $22,500 decrease B) $67,500 decrease C) $500,000 decrease D) […]

  11) Otylia Manufacturing Company assembles its product in several departments. It has two departments that process all units. During February, the beginning work in process in the cutting department was half completed as to conversion, and complete as to direct materials. The beginning inventory included $12,000 for materials and $3,000 for conversion costs. Ending work-in-process inventory in the cutting department was 40% complete. Direct […]

    41.Which of the following states that it is illegal for an employer to refuse to hire an individual or otherwise discriminate against this individual with respect to his compensation, terms, conditions, or privileges of employment because of such individual’s race, color, religion, sex, or national origin?    A.Unlawful Corporate Payments Act of 1977   B.Federal Employers’ Liability Act   C.Executive Order 11246   D.Executive […]

    41. Which of the following is not a benefit of following a well-designed budgeting process? A.  Improved decision-making processes. B.  Improved performance evaluations. C.  Improved coordination of business activities. D.  Assurance of future profits. E.  Improved commitment to meet expected performance by those affected.     42. Which of the following is not a benefit derived from budgeting? A.  Budgeting focuses management’s attention […]

  149. Identify each of the following reconciling items as (a) an addition to the cash balance according to the bank statement, (b) deduction from the cash balance according to the bank statement, (c) an addition to the cash balance according to the company’s records, or (d) a deduction from the cash balance according to the company’s records.  Assume that none of the transactions reported by […]

  97.Which of the following is not required to convert from the modified accrual basis to the accrual basis in preparing the government-wide statements? A)Record general capital assets B)Change expenditures for debt service principal to reduction of liabilities C)Make adjustments to revenues deferred under the 60 day rule D)Accrue interest on enterprise fund bonds 98.The following balances exist at year end within the governmental activities […]

  124.Bannister invested $110,000 and Wilder invested $99,000 in a new partnership. Their partnership agreement called for Wilder to receive a $70,000 annual salary allowance. They also agreed to an annual interest allowance of 5% on the partners’ beginning-year capital balance, with the balance of income or loss to be divided equally. Under this agreement, what are the income or loss shares of the partners […]

  11) Companies that produce high quality products do NOT have to pay attention to the actions of their competitors. 12) Relevant costs for pricing decisions include manufacturing costs, but NOT costs from other value-chain functions.   13) Prices are decreased when demand is weak and competition is strong and increased when demand is strong and competition is weak.   14) In markets with little […]

    71. Cash flows from acquiring and disposing of long-term assets are classified as:  A. operating activities. B. investing activities. C. financing activities. D. purchasing activities.   72. Which of the following is not an investing activity?  A. Purchase of investments for cash. B. Purchase of equipment for cash. C. Sale of merchandise for cash. D. Sale of land for cash.   73. Cash flows from borrowing and paying off a 180-day bank loan are […]

  36. As part of its selection process, Techno industries requires that each applicant be interviewed by the department manager, direct supervisor, and human resource director, all at the same time.  This type of interview format is known as __________. A) panel interview B) serialized interview C) structured interview D) behavioral interview E) semi-structured interview 37. Which type of interview uses questions based on the […]