On October 1, Black Company receives a 9% interest-bearing note from Reese Company to settle a $20,000account receivable. The note is due in six months. At December 31, Black should record interest revenue of
a. $0
b. $450
c. $900
d. $1,800
b
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P&G was among the first to use ________ segmentation when it introduced Secret, a deodorant brand specially formulated for women's chemistry
A) age and life-cycle B) gender C) behavior D) psychographic E) geographic
Assume sales are $750,000, variable costs are 70% of sales, and operating income is $100,000 . What is the contribution margin ratio and fixed cost, respectively?
a. 70% and $125,000 b. 30% and $125,000 c. 70% and $625,000 d. 30% and $625,000
A flexible budget:
A. parallels a static budget with respect to format and advantages of use. B. is both preferred over a static budget in the evaluation of performance and can be used to compare actual and budgeted costs at various levels of activity. C. can be used to compare actual and budgeted costs at various levels of activity. D. is preferred over a static budget in the evaluation of performance. E. gives management flexibility in terms of meeting budget goals.
The average number of jobs in the work center for jobs listed in the following table under the shortest processing time (SPT) rule is ______.
A. 2.49 jobs
B. 2.98 jobs
C. 3 jobs
D. 3.5 jobs