Avoidable costs are usually
a. committed.
b. common.
c. discretionary.
d. joint.
C
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The daily output required from an assembly line is 80 units. If the line operates 4 hr a day, what is the cycle time per unit?
A. 3 hr B. 3 min C. 3 s D. 3 days
The holder of a negotiable instrument can discharge the liability of any party to the instrument by cancellation
Indicate whether the statement is true or false
Paper Corporation holds 80 percent of the voting shares of Scissor Company. On January 1, 20X8, Scissor purchased $100,000 par value 12 percent Paper bonds from Cruse Corporation for $115,000. Paper originally issued the bonds to Cruse on January 1, 20X6, for $110,000. The bonds have an 8-year maturity from the date of issue and pay interest semiannually on June 30 and December 31 each year. Scissor' reported net income of $65,000 for 20X8, and Paper reported income (excluding income from ownership of Scissor's stock) of $90,000. Paper's partial bond amortization schedule is as follows:PMT# Interest$ PMTInterestExpense Amort ofDiscount(Premium)Premium(Discount)BondsPayableBV
ofBonds 1/1/20X6 10,000.00 100,000.00 110,000.00 1 6/30/20X6 6,000.00 5,579.78 (420.22) 9,579.78 100,000.00 109,579.78 2 12/31/20X6 6,000.00 5,558.47 (441.53) 9,138.25 100,000.00 109,138.25 3 6/30/20X7 6,000.00 5,536.07 (463.93) 8,674.33 100,000.00 108,674.33 4 12/31/20X7 6,000.00 5,512.54 (487.46) 8,186.86 100,000.00 108,186.86 5 6/30/20X8 6,000.00 5,487.81 (512.19) 7,674.68 100,000.00 107,674.68 6 12/31/20X8 6,000.00 5,461.83 (538.17) 7,136.51 100,000.00 107,136.51 Based on the information given above, what amount of interest income does Scissor record on its individual books for 20X8? A. $8,002 B. $9,410 C. $10,002 D. $10,950
Selecting a random sample from each identifiable subgroup within a population is called:
a. demographic sampling b. systematic sampling c. stratified sampling d. cluster sampling e. none of these choices