O'Hare Company is a manufacturing firm that uses a job-order costing system to determine the costs of its products. During the current accounting period, O'Hare applied estimated manufacturing overhead costs of $1,550 to Job #132. Which of the following statements regarding this transaction is correct?
A. Manufacturing overhead decreases.
B. Net income decreases.
C. Total equity increases.
D. Work in process inventory decreases.
Answer: A
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The after-tax benefit of a taxable cash receipt can be calculated as follows:
A) After-tax benefit = Pretax receipt x tax rate B) After-tax benefit = Pretax receipt x (1 - tax rate) C) After-tax benefit = Pretax receipt x (1 + tax rate) D) After-tax benefit = Pretax receipt ΒΈ tax rate
Elena Wallace invested $150,000 in a project that pays her an even amount per year for 10 years. The payback period is 6 years. What are Elena's yearly cash inflows from the project?
A) $150,000 B) $15,000 C) $25,000 D) $90,000 E) cannot be determined from this information
Which sentence is expressed correctly?
?A) ?In order to be successful, entrepreneurs must understand the marketing mix, namely, price, place, promotion, and product B) Sherry used a number of professional social networking sites in her job-search process, for example; LinkedIn, Ecademy, and Plaxo. C) Three employees were recognized for their contributions to our community; that is, MaryBeth Anderson, Jeff LeCount, and Juan Perez.
The primary benefit of diversification is:
A) an increase in expected return. B) an equal reduction in risk and return. C) a reduction in risk. D) Diversification has no real benefit; it is a shell game promoted by investment advisors who are the only real winners.