If the current ratio is 3 to 1 and the working capital is $100,000, then the current assets are
a. $150,000
b. $200,000
c. $300,000
d. $450,000
a
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If incremental revenues beyond split-off exceed incremental costs, a product should be processed further
Indicate whether the statement is true or false
Discuss the costs involved in entering different markets. How can these costs be managed and reduced?
What will be an ideal response?
Spang Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 20,000Total fixed manufacturing overhead cost$176,000Variable manufacturing overhead per machine-hour$2.20Recently, Job P505 was completed with the following characteristics: Total machine-hours 200Direct materials$540Direct labor cost$7,200The amount of overhead applied to Job P505 is closest to:
A. $2,640 B. $2,200 C. $440 D. $1,760
Which one of the following statements about earnings per share (EPS) is correct?
A. The EPS ratio is important because it signals the ability of the company to pay future dividends, which investors factor into the stock price. B. Earnings per share (EPS) is generally reported in the balance sheet under stockholders' equity. C. EPS, in its basic form, is calculated by dividing net income by the average number of preferred shares issued. D. Earnings per share (EPS) is the best way to compare the performance of different companies.