If the odds for you getting a credit card solicitation in the mail this month are 1 to 4, then which of the following statements is true?
A) The probability of getting a credit card solicitation is 0.25.
B) The probability of getting a credit card solicitation is 0.20.
C) The probability of getting a credit card solicitation is 0.80.
D) The probability of getting a credit card solicitation is 0.75.
B
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The ______ are part of the finished products, and the amount of usage can be tracked on a per-unit basis.
A. indirect materials B. direct materials C. centralized material purchases D. decentralized material purchases
Under the periodic inventory system, the cost of merchandise sold is equal to the beginning merchandise inventory plus the cost of merchandise purchased plus the ending merchandise inventory
Indicate whether the statement is true or false
The plantwide overhead rate is total plantwide allocation base divided by total budgeted plantwide overhead cost.
Answer the following statement true (T) or false (F)
The inventory records for Radford Co. reflected the following: Beginning inventory @ May 11500 units @ $4.60First purchase @ May 71600 units @ $4.80Second purchase @ May 171800 units @ $4.90Third purchase @ May 231400 units @ $5.00Sales @ May 314800 units @ $6.50What is the amount of gross margin assuming the FIFO cost flow method?
A. $7700 B. $23,184 C. $9120 D. $7800