Which of the following is a part of manufacturing overhead?
A) cost of raw materials
B) wages of assembly line workers
C) factory insurance
D) depreciation on office furniture
C) factory insurance
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What is the best way to ensure the audience understands the bad news?
A) Imply the bad news B) Use vague terms regarding news C) State the bad news clearly D) Start the message with the bad news E) Invite the audience to contact you to discuss the bad news
A purchases budget
a. does not reflect early payment discounts granted by vendors. b. is the same thing as a production budget. c. is needed only if a firm does not pay for its merchandise in the same period as it is purchased. d. is affected by a firm's inventory policy only if the firm purchases on credit.
Flynn acquires 100 percent of the outstanding voting shares of Macek Company on January 1, 2018. To obtain these shares, Flynn pays $400 cash (in thousands) and issues 10,000 shares of $20 par value common stock on this date. Flynn's stock had a fair value of $36 per share on that date. Flynn also pays $15 (in thousands) to a local investment firm for arranging the acquisition. An additional $10 (in thousands) was paid by Flynn in stock issuance costs.The book values for both Flynn and Macek as of January 1, 2018 follow. The fair value of each of Flynn and Macek accounts is also included. In addition, Macek holds a fully amortized trademark that still retains a $40 (in thousands) value. The figures below are in thousands. Any related question also is in thousands. Flynn, Inc Macek
Company Book Value Fair ValueCash$900 $80 $80 Receivables 480 180 160 Inventory 660 260 300 Land 300 120 130 Buildings (net) 1,200 220 280 Equipment 360 100 75 Accounts payable 480 60 60 Long-term liabilities 1,140 340 300 Common stock 1,000 80 Additional paid-in capital 200 0 Retained earnings 1,080 480 ?What amount will be reported for consolidated inventory? A. $920,000. B. $660,000. C. $960,000. D. $620,000. E. $1,000,000.
Analysis of an executive summary of a report Read and analyze the following executive summary of a report written on the implementation of a secure intranet. Executive Summary Braden Inc, a small but growing manufacturing business, has been operating in
Indianapolis, Indiana, for ten years. Darren Russell, the president, considered the implementation of a website for the company. He had concerns about the cost to create and maintain an effective site. Russell established a team to study the possibility of setting-up a company website at an affordable cost. The team conducted research using primary and secondary research methods. Current literature was examined, and a survey was conducted through a Chamber of Commerce membership list of 50 small business owners of various companies in the metropolitan area that had a company website. The report discussed the following topics related to the initiation of a company website: (1) benefits to be gained, (2) challenges in development and maintenance, (3) projected costs, and (4) guidelines for getting started. Detailed conclusions of the study can be found in the full report. The study concluded that intranets have become extremely popular because of the various benefits they offer. Potential problems of intranets can be addressed with recommended security measures. Braden Inc should proceed with plans to establish a secure intranet. Required: Write a critical analysis of this executive summary and discuss the content as well as the writing style.