Which of the following amounts would be reported as Merchandise Inventory on the balance sheet of a company if the cost of an item is $120 and the current replacement cost is $80?
A) $200
B) The average of $80 and $120
C) $120
D) $80
D) $80
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August, Inc. had the following transactions in 2018, its first year of operations:
• Issued 22,000 shares of common stock. The stock has a par value of $3.00 per share and was issued at $16.00 per share. • Issued 1800 shares of $160 par value preferred stock at par. • Earned net income of $37,000. • Paid no dividends. At the end of 2018, what is total stockholders' equity? A) $677,000 B) $354,000 C) $286,000 D) $640,000
Which of the following is likely to be part of a situation analysis?
A. A marketing researcher asks a trade association for one of its reports. B. A marketing analyst reviews company files for data. C. A marketing manager searches USA.gov. D. All these answers are correct.
For most employees a simple list of "dos and don't's" are enough to maintain ethical behavior, and ethical training would be redundant.
Answer the following statement true (T) or false (F)
Jahnel Corporation is conducting a time-driven activity-based costing study in its Tech Support Department. The company has provided the following data to aid in that study:Jahnel CorporationTech Support DepartmentData InputsResource Data: Number of employees 7 Average salary per employee$43,200 Weeks of employment per year 50 Minutes available per week (40 hours × 60 minutes) 2,400 Practical capacity percentage 90%?Activity Data:Routing CallsResolving ProblemsPreparing Change OrdersMinutes per unit of the activity142234?On the Customer Cost Analysis report in time-driven activity-based costing, the time-driven activity rate for Routing Calls would be closest to:
A. $3.86 per call routed B. $5.60 per call routed C. $0.40 per call routed D. $14.00 per call routed