A firm should adopt a new credit policy if it reduces the value of the firm.
Answer the following statement true (T) or false (F)
False
A firm should adopt a new credit policy if the new credit policy increases the value of the firm. See 15-4: Credit Management
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The cumulative effects of other comprehensive income items may be reported separately from retained earnings and paid-in capital, on the balance sheet, as accumulated other comprehensive income
a. True b. False Indicate whether the statement is true or false
________ assumes that the researcher has prior knowledge about the problem situation
A) Exploratory research B) Descriptive research C) Objective research D) Subjective research E) Lead research
A company uses the following standard costs to produce a single unit of output. ? Direct materials6 pounds at $0.90 per pound=$5.40 Direct labor0.5 hour at $12.00 per hour=$6.00 Manufacturing overhead0.5 hour at $4.80 per hour=$2.40 During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the direct labor rate variance for the month was:
A. $3,650 unfavorable B. $3,650 favorable C. $1,200 favorable D. $2,450 favorable E. $1,200 unfavorable
The landlord ran the model in Excel and received the sensitivity report for the constraints as contained in the table. Which of the following statements is correct?
Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H. Side Increase Decrease $B$12 Total Time Weeks 4.00 13.64 4 1.1 3.1E-16 $E$10 Total Cost 3000.00 0.01 3000 550 3.1E-13 $I$4 wood floors Included? 1.00 67.27 1 1.27E-16 4.6E-01 $I$5 kitchen tile Included? 1.00 25.45 1 7.63E-17 2.8E-01 $I$6 back door Included? 0.00 0.00 1 1.00E+30 1.0E+00 $I$7 garage door opener Included? 1.00 11.82 1 5.09E-16 1.0E+00 A) If there are 2 more weeks available for work, it would be possible to increase rent by $27.28 per week B) Given the scenario, it is evident that a constraint is missing. C) If the landlord installed two garage doors, rent could be increased by $23.64. D) Given the scenario, it is evident that the objective function is misstated.