The most common primary data-collection method is the structured direct survey

Indicate whether the statement is true or false


TRUE

Business

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What is the only difference between present value and future value?

What will be an ideal response?

Business

 Use the following selected information from Wheeler, LLC to determine the 2018 and 2017 common size percentages for operating expenses using Net sales as the base.    2018 2017 Net sales$456,600? $372,200? Cost of goods sold 201,400?  133,880? Operating expenses 73,390?  70,730? Net earnings 37,060?  26,310? 

A. 44.1% for 2018 and 36.0% for 2017. B. 28.0% for 2018 and 17.0% for 2017. C. 16.1% for 2018 and 19.0% for 2017. D. 122.7% for 2018 and 100.0% for 2017. E. 19.7% for 2018 and 19.7% for 2017.

Business

The Hawthorne studies, which showed that there is a dynamic social system in the workplace, took place in the 1960s

Indicate whether the statement is true or false

Business

Crimp Corporation uses the FIFO method in its process costing system. Department A had 10,000 units in process at the beginning of January that were 40% complete with respect to conversion costs. All materials are added at the beginning of the process in Department A. The January 1 work in process inventory in Department A contained $20,000 in materials cost and $11,000 in conversion cost. During January, materials costs were $2.00 per equivalent unit and conversion costs were $2.50 per equivalent unit. All of the units in the beginning work in process inventory were completed and transferred out during the month. What was the total cost attached to these units when they were transferred to the next department?

A. $337,500 B. $31,000 C. $46,000 D. $35,000

Business