Financial holding company and bank holding company are different names for the same type of entity
Indicate whether the statement is true or false
False
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Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 60% complete with respect to conversion; the ending work-in-process inventory is 20% complete. The following data pertain to May: Units Work in process, May 1 15,000 Units started during May 60,000 Units completed and transferred out 68,000 Work in process, May 31 7,000 Total Direct Materials Conversion CostsCosts: Work in process, May 1$41,250 $16,500 $24,750 Costs incurred during May 234,630 72,000 162,630 Totals$275,880 $88,500 $187,380 Using the weighted-average method of process costing, the cost per unit
of direct materials is: A. $1.17. B. $1.20. C. $1.18. D. $1.28. E. None of the answers is correct.
An employee handbook is most likely to include a description of an organization's
A. suppliers and retailers. B. products and services. C. manufacturing processes. D. administrative procedures.
Santiago Cleaners allows customers make purchases using their VISA credit cards. If customers purchase from Santiago using VISA credit cards, which of the following statements is correct?
A. VISA will wait until the customer makes payment to the credit card company until forwarding payment to Santiago. B. Santiago must bear any losses from uncollectible accounts. C. Santiago does not have to collect directly from customers. D. VISA pays Santiago the full amount of purchase, without charging a fee.
Carla, a budding restaurateur, meets a veteran chef and restaurateur, Giovanni. Carla wishes to analyze the purchasing pattern of her customer base
Which of the following is most likely to be a piece of sound advice that Giovanni would offer to Carla?A) Carla should use her restaurant's distributed systems to know more about her customers' purchasing patterns. B) Carla should avoid using the restaurant's integrated system to analyze her customers' purchasing patterns. C) Carla should support strategic and less structured managerial decisions to ensure that standardization occurs. D) Carla should support less specific and fluid managerial decisions to ensure that standardization occurs.