Which of the following are causes of inventory record errors?
I. Unauthorized withdrawals of material
II. Unsecured stockroom
III. Audit capability
A) I, II and III
B) I and II only
C) I and III only
D) II and III only
E) I only
B
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An example of a why bother? purchase is ______.
a. Nondisposable diapers b. Body Shop purchases c. Unleaded gasoline d. Recycled nonchlorine-bleached paper products
The amount the objective function coefficient of a decision variable would have to improve before that variable would have a positive value in the solution is the
a. dual price. b. surplus variable. c. reduced cost. d. upper limit.
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. $35,000 B. $26,000 C. $31,000 D. $46,000
Palo Alto Enterprises has $300,000 in cash. They wish to invest the money in Treasury bills at 8% and use the returns to pay dividends to shareholders after a year. Alternatively they can pay a dividend and allow shareholders to make the investment
In perfect capital markets, which option will shareholders prefer? A) immediate cash dividend B) dividend after one year C) prefer half from each source D) indifferent between options