Which of the following companies did the textbook mention that have moved much of their investment to China?p
a. IBM, Microsoft, and General Motors
b. Sarbucks, Motorola, IBM, and Apple
c. McDonalds, Wendy’s, and Burger King
d. Home Depot, Costco, and Walgreen’s
e. General Elecric, Intel, and Sysco
b. Sarbucks, Motorola, IBM, and Apple
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Sharon owes Lawrence Co $15,000 on a note payable, plus $3,000 of unpaid interest. Lawrence agrees to accept equipment in full settlement of the debt. The equipment is recorded on Sharon's books at $12,000, and it is currently worth $14,200. What types and amounts of gains or losses, if any, should be recorded by Sharon on this troubled debt restructuring?
A) ?No gain or loss should be recognized. B) ?Gain on Debt Restructure, $6000 C) ?Gain on Debt Restructure, $3,800; Gain on Disposal of Equipment, $2,200 D) ?$6,000 Gain on Debt Restructure, $800; Gain on Disposal of Equipment, $2,200
Which one of the following is TRUE of a signature card?
A) It shows each authorized person's signature for a bank account. B) It is the same as a deposit receipt and acts as a proof of the deposit transaction. C) It can be used as a debit card. D) It can only be used for bank accounts of individuals, not for the bank accounts of businesses.
Chhom, Inc., manufactures and sells two products: Product F9 and Product U4. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected ProductionDirect Labor-Hours Per UnitTotal Direct Labor-HoursProduct F93006.01,800Product U46003.01,800Total direct labor-hours 3,600The direct labor rate is $27.80 per DLH. The direct materials cost per unit is $271.90 for Product F9 and $272.20 for Product U4.The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: EstimatedExpected ActivityActivity Cost PoolsActivity MeasuresOverhead CostProduct F9Product
U4TotalLabor-relatedDLHs$38,9881,8001,8003,600Production ordersorders 61,9104006001,000Order sizeMHs 126,1503,8003,7007,500 $2 27,048 If the company allocates all of its overhead based on direct labor-hours using its traditional costing method, the overhead assigned to each unit of Product U4 would be closest to: (Round your intermediate calculations to 2 decimal places.) A. $189.21 per unit B. $50.46 per unit C. $185.73 per unit D. $32.49 per unit
A measure of profitability analysis is
a. times interest earned. b. cash flow per share. c. quick ratio. d. dividend payout ratio.