The cost that is avoided when a company eliminates a single item of a product or service is a:
A. Batch-level cost.
B. Facility-level cost.
C. Product-level cost.
D. Unit-level cost.
Answer: D
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Which of the following is a benefit of participative budgeting?
A. Communication is clearer because it flows in only one direction - upward. B. Budget planning is highly centralized. C. A twelve-month planning horizon is maintained at all times. D. Employees tend to be more motivated to achieve the budget.
Expropriation is said to have occurred when a foreign national company dispossesses a home-country company through uncompetitive practices
Indicate whether the statement is true or false
Anole Company was incorporated as a new business on January 1, 2016 . The company is authorized to issue 20,000 shares of $5 par value common stock and 10,000 shares of 6%, $10 par value, cumulative, participating preferred stock. On January 1, 2016, the company issued 8,000 shares of common stock for $15 per share and 2,000 shares of preferred stock for $30 per share. Net income for the year
ended December 31, 2016, was $375,000. Refer to the information about Anole Company. Anole's total stockholders' equity reported on the balance sheet at December 31, 2016, is a. $60,000. b. $120,000. c. $180,000. d. $555,000.
During August, the Filtering Department of Rudbeckia, Inc. had beginning Work-in-Process inventory of 120 units with costs of $50,000. 525 units were transferred in during the month. It had 60 units in ending Work-in-Process Inventory. Under the first-in, first-out (FIFO) method, current period equivalent units of production for transferred in units in beginning Work-in-Process Inventory of the Filtering Department is ________.
A) 0 units B) 525 units C) 120 units D) 60 units