Which one of the following items would most likely not be incorporated into the calculation of a division's investment base when using the residual income approach for performance measurement and evaluation?
A. Division accounts receivable when division management exercises control over credit policy and credit terms.
B. Division inventories when division management exercises control over the inventory levels.
C. Division accounts payable when division management exercises control over the amount of short-term credit utilized.
D. Land being held by the division as a potential site for a new plant and parking lot.
Answer: D
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All of the following statements are true about snowball sampling except ________
A) snowball sampling can result in samples that are very large or spread over large geographic areas, thus increasing the time and cost of data collection B) a major objective of snowball sampling is to estimate characteristics that are rare in the population C) the major advantage of snowball sampling is that it substantially increases the likelihood of locating the desired characteristics in the population D) snowball sampling results in relatively low sampling variance and costs
Stock purchase warrants are instruments that give their holder the right to purchase a certain number of shares of the firm's common stock at the market price over a certain period of time
Indicate whether the statement is true or false
Good marketers know that a(n) ________ is the heart of the marketing plan.
A. researching suppliers B. sales forecast C. analysis of the market D. price/profit schedule
Puri Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 400 Materials costs$4,800 Conversion costs$3,300 Percent complete with respect to materials 85%Percent complete with respect to conversion 45%Units started into production during the month 5,800 Units transferred to the next department during the month 5,100 Materials costs added during the month$69,500 Conversion costs added during the month$82,300 Ending work in process inventory: Units in ending work in process inventory 1,100 Percent complete with respect to materials 55%Percent complete with respect to
conversion 45% The cost per equivalent unit for conversion costs for the first department for the month is closest to: A. $16.14 B. $15.96 C. $15.20 D. $18.33