Which one of the following is an example of investment income from securities?
A) deferred tax assets
B) depreciation of long-term assets
C) gain on the sale of fixed assets
D) interest earned from debt securities
D
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Which of the following statements concerning ethics is incorrect?
a. Ethics judgments are based on a standard of moral behavior as to right and wrong. b. Ethical behavior is not viewed the same by all cultures. c. Ethical judgments are objective rather than subjective. d. Reasonable people have difficulty agreeing as to where the line should be drawn between ethical and unethical acts.
A key reason why global manufacturers are unable to have a consolidated view of global demand and supply is because ______.
a. supply chains are planned and managed by disparate regional systems b. firms in the supply chain continue to manage globally while they are thinking locally c. the primary firm has different expectations from each link in the supply chain d. the pricing policies of different manufacturers are usually different
Grandin Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$97Fixed costs per year: Direct labor$1,056,000Fixed manufacturing overhead$2,288,000Fixed selling and administrative expenses$1,435,000 The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 44,000 units and sold 41,000 units. The company's only product is sold for $242 per unit. The company is considering using either super-variable costing or a variable costing system that assigns $24 of direct labor cost to each unit that is produced. Which of the following statements is true
regarding the net operating income in the first year? A. Variable costing net operating income exceeds super-variable costing net operating income by $156,000. B. Super-variable costing net operating income exceeds variable costing net operating income by $156,000. C. Variable costing net operating income exceeds super-variable costing net operating income by $72,000. D. Super-variable costing net operating income exceeds variable costing net operating income by $72,000.
A term insurance policy is one where the company assumes, for a specified period of time, the risk of the death of the insured
Indicate whether the statement is true or false