Determine the minimum distance required to connect all nodes in Figure 4
A) 22
B) 24
C) 26
D) 30
Answer: C
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Commissions and referral fees are allowed to audit firms as long as the audit client is informed of the fees
a. True b. False Indicate whether the statement is true or false
An important purpose of closing entries is to
a. help in preparing financial statements. b. set real account balances to zero to begin the next period. c. set nominal account balances to zero to begin the next period. d. adjust the accounts in the ledger.
Putting quotation marks around the search phrase you enter in a search engine is most likely to________
A) yield fewer results, which will be more relevant to your search phrase B) yield fewer results, which will be less relevant to your search phrase C) yield more results, which will be more relevant to your search phrase D) yield more results, which will be less relevant to your search phrase E) have no effect whatsoever on the number or relevancy of results
Riverview Manufacturing, which produces electrical components, is contemplating submitting a bid for 30,000 units of item no. 54. The bid's cost will be follows:Raw materials$ 75,000Direct Labor120,000Manufacturing overhead 150,000Additional set-up costs3,000Special device5,000Allocated administrative overhead12,000Total cost$365,000The special device will be purchased for this job and once the job is completed, the device will be discarded.Riverview applies total manufacturing overhead of $5 to each unit (0.5 machine hours at $10 per hour). This figure is based, in part, on budgeted yearly fixed overhead of $1,440,000 and an anticipated volume of 480,000 machine hours (40,000 per month). Riverview is presently working at 85% of capacity, and the client needs the order in two
months.Required:A. Is Riverview's current operating environment one of excess capacity or no excess capacity? Briefly explain.B. If Riverview had excess capacity, what would be the lowest cost total that the company should use when figuring its bid for the order?C. Can Riverview produce this order in the required time frame of two months? Explain.D. Suppose that Riverview is in marginal financial health. Explain the benefits and problems of approaching the bidding procedure with (1) a low bid or (2) a high bid. What will be an ideal response?