Which of the following is a plausible explanation for a large increase in the number of days outstanding in inventory?
A. Obsolete inventory.
B. New product line where sales exceed production.
C. Manufacturing overhead was not allocated to the production process.
D. Manufacturing salaries were recorded as administrative expenses.
A. Obsolete inventory.
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A drawback of using direct-mail advertising is that it
A. relies too heavily on social and digital media for promotion. B. has limited coverage and reach capabilities. C. prevents advertisers from controlling circulation and quality. D. achieves very low response rates. E. has the highest cost per exposure of any medium.
Labeling is important for three specific reasons, including promotional and legal reasons. What is the third reason?
A. Marketing B. Branding C. Strategy D. Informational E. Packaging
Michard Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:a.The budgeted selling price per unit is $125. Budgeted unit sales for April, May, June, and July are 7,600, 10,500, 13,800, and 12,900 units, respectively. All sales are on credit. b.Regarding credit sales, 20% are collected in the month of the sale and 80% in the following month. c.The ending finished goods inventory equals 20% of the following month's sales. d.The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.00 per pound. e.Regarding raw materials purchases, 30% are paid for in the month
of purchase and 70% in the following month. f.The direct labor wage rate is $25.00 per hour. Each unit of finished goods requires 3.0 direct labor-hours. g.The variable selling and administrative expense per unit sold is $3.40. The fixed selling and administrative expense per month is $80,000. The expected cash collections for May is closest to: A. $760,000 B. $262,500 C. $1,022,500 D. $950,000
Switches are most often used to direct traffic over multiple Ethernet networks
Indicate whether the statement is true or false