Collateral from unsecured loans may be sold to offset the loan obligation if the loan is in default.
Answer the following statement true (T) or false (F)
False
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Which one of the following inventories may be valued for balance sheet purposes at the inventory's selling price less distribution costs even if it is above the cost of the inventory?
A) automobiles for an automobile manufacturer B) gold for a mining corporation C) steel for a steel manufacturer D) athletic shoes for a retail store
Averette & Averette Averette & Averette, a local dental practice, currently makes its own dentures for customers. The dental practice has one part-time employee who comes in weekly to make dentures. The employee is paid $150 per denture set. The direct materials and variable overhead cost per set of dentures is $75 and $25, respectively. In addition, the practice allocates $10,000 of fixed
overhead to the denture-making department. The practice makes 1,000 sets of dentures per year. An outside company who specializes in the making of dentures has offered to make each set of dentures for Averette & Averette for $255 per set. Refer to the Averette & Averette information above. If Averette & Averette outsources the making of dentures, the net income will: A) decrease by $15,000. B) increase by $5,000. C) increase by $15,000. D) decrease by $5,000.
Teams with both difficult goals and specific incentives to attain them achieve the ________ performance levels.
A. mid-point B. highest C. good D. lowest E. fair
The first unit produced in a process takes 400 hr. As the number of units produced doubles, production time decreases by 20%. Using the arithmetic approach, calculate the production time for the 64th unit.
A. 320 hr B. 256 hr C. 105 hr D. 164 hr