______ enables users to forge new relationships and display both personal and relational identities.
a. Virtual reality
b. Social media
c. Real time
d. Cyberspace
b. Social media
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Which of the following statements regarding financial statement analysis is true?
A) It will show how a company is guaranteed to perform in the future. B) It should not be relied upon as an indicator of future performance. C) It should be performed by only managers and creditors. D) It provides supplemental information not provided directly by the financial statements.
Find the area under the normal curve between the Z values 0.19 and 2.98.
a. 42.32% b. 17.33% c. 26.53% d. 69.23%
If a company wants to gain a competitive advantage in a highly competitive industry, it should ideally
A. copy the strategies of other firms through competitive benchmarking. B. execute an integrated cost-leadership and differentiation position. C. provide goods or services similar to its competitors at higher prices. D. stake out a unique position within the industry.
Bohon Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product contains the following information concerning direct materials:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect materials1.0pound$5.50per pound$5.50During the year, the company completed the following transactions concerning direct materials:a. Purchased 19,700 pounds of raw material at a price of $4.70 per pound.b. Used 18,500 pounds of the raw material to produce 18,400 units of work in process.The company calculated the following direct materials
variances for the year:Materials price variance$15,760FMaterials quantity variance$550UAssume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)=Materials Price VarianceMaterials Quantity Variance1/1$1,030,000$53,350$0$88,880$737,900=$0$0a.?????=??b.?????=???Labor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$1,910,130a.?????b.?????When recording the raw materials used in production in transaction (b) above, the Work in Process inventory account will increase (decrease) by: A. ($101,750) B. $101,200 C. ($101,200) D. $101,750