Why is a company's owners' equity important for investors and lenders?
A) Owners' equity indicates potential profit.
B) Owners' equity determines how quickly liabilities will increase.
C) Owners' equity determines how much will be paid out as dividends.
D) Owners' equity indicates how much the owner has invested in the company
E) Owners' equity indicates the level of security.
Answer: E
Explanation: E) Before lending money to owners, for example, lenders want to know the amount of owners' equity in a business. A larger owners' equity indicates greater security for lenders.
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Carbamate Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the Refining Department had 2000 gallons of partially processed product in production. During January, 31,000 gallons were transferred in from the Mixing Department, and 32,000 gallons were completed and transferred out. At the end of the month, 1000 gallons of partially processed product remained in the Refining Department. The weighted-average method is used. See additional details below.
Refining Department, ending balance at January 31 Percent completed for materials cost: 90% Percent completed for conversion cost: 76% What was the total number of equivalent units of production for conversion costs for the month of January for the Refining Department? A) 760 units B) 32,760 units C) 32,000 units D) 900 units
Which of the following casts corporate practitioners in the role of serving as liaisons between their corporations and governmental units?
A. Public affairs D. Issues management B. Lobbying E. Development C. Marketing
Most of the goods and services that we enjoy today can be traced back to an invention or idea that was the result of
A. customer service representatives. B. research and development. C. a whim. D. financial management. E. a hunch.
Which of the following names apply to the party who appeals the trial court decision?
A) Respondent B) Appellant C) Appellee D) Defender