Information about a company's operating capability may be helpful to external users in
A. assessing the uncertainty of its future cash flows.
B. evaluating the timing of cash flows in the near future.
C. evaluating the efficiency with which the company uses its resources to generate revenue.
D. assessing a return of investment as well as a return on investment.
Answer: C
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Give an example of a technical challenge.
What will be an ideal response?
In Keegan Corporation's most recent fiscal year, the company reported pretax earnings of $215,000. Fixed costs totaled $325,800, the unit selling price of the firm's only product was $60, and the variable costs per unit were 40% of the selling price. Based on this information, the firm's break-even point in units was:
A. 9,050 units. B. 13,575 units. C. 15,023 units. D. 13,750 units. E. 8,750 units.
The departmental overhead rate method involves the following four steps: 1) Assign overhead costs to departmental cost pools, 2) select an allocation base for each department, 3) compute overhead allocation rates for each department, and 4) use departmental overhead rates to assign overhead costs to products.
Answer the following statement true (T) or false (F)
In a criminal case, only the prosecutor decides which instructions the judge decides to give the jury
a. True b. False