Specialty Wood Products, Inc. had the following manufacturing labor costs last month:
Provide the journal entry to record the labor costs incurred, which will be paid at a later date. Omit explanation.
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Teens aged 14 or 15 may work ______ school hours for no more than 3 hours on a school day, 18 hours in a school week, 8 hours on a nonschool day, and 40 hours in a nonschool week.
A. outside B. inside C. during D. any
With forecasting error being measured in MAD (mean absolute deviation), the 3? control limits imply that the probability that the forecasting errors are attributable to random variation is ______.
A. 3% B. 99.7% C. 2.3% D. 50%
Which of the following is true of the World Wide Web?
A. Only businesses-not individuals-can have their own websites. B. Individuals need not register with a service provider to access the web. C. A website can have several online addresses. D. Web pages are stored on servers which are operated by internet service providers.
You are a buy-side analyst researching the Gorilla Glass Co. Gorilla plans to borrow $11 million by issuing bonds with an annual coupon of 7% and a yield to maturity of 7%
Gorilla will use the borrowed money to repurchase shares on the open market at $40 per share. You have gathered the information, shown in the table, regarding the company prior to the repurchase. You estimate that EBIT for Year 1 will be the same as reported for Year 0. Assume that the money is borrowed and the repurchase is executed at the beginning of Year 1. Gorilla Glass Co. Dec 31, Year 0 EBIT $10,331,538 Tax Rate 35% Shares Outstanding 3,000,000 EPS $2.5 Debt $0 Stock Price $40 What is the Year 1 EPS? A) $2.00 B) $2.28 C) $2.80 D) $3.25 E) $3.52