The capacity that a machine or system should realize given optimal operating conditions is known as
A) design capacity.
B) available capacity.
C) actual capacity.
D) rough capacity.
A) design capacity.
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Which of the following is NOT public information on record with the Secretary of State through the Uniform Commercial Code?
a. the company articles of incorporation b. the current board of directors c. the corporation registered agent d. the initial incorporators
Which of the following is most likely true with regard to people's views of organizations in contemporary America?
A) In the American workplace, there has been an overall increase in organizational loyalty. B) Most Americans are confident in their employers and are unlikely to switch jobs as frequently as in the past. C) The past two decades have seen a sharp decrease in confidence in and loyalty toward America's business organizations. D) Most U.S. workers view work as a source of personal satisfaction and organizational pride. E) In the last decade, corporate scandals and layoffs had little impact on people's confidence in U.S. firms.
Assume a corporation has 4,000 shares of $60 par, $3 cumulative preferred stock. In year one, no dividend is declared. In year two, a $6,000 dividend is declared. In year three, a $40,000 dividend is declared. How large a dividend is set aside for the preferred stock in year three?
a. $36,000 b. $30,000 c. $18,000 d. $42,000 e. $38,000
The Simkins Corporation uses a job-order costing system. The following activities took place during the month of May:a.Raw materials purchased$40,000b.Raw materials (all direct) used in production$35,000c.Salaries and wages costs:??Direct labor cost$60,000?Indirect labor cost$30,000?Sales salaries$25,000d.Factory utility costs$15,000e.Depreciation on factory equipment$50,000f.Advertising expense$80,000g.Manufacturing overhead is applied at the predetermined rate of 150% of direct labor cost.?h.Cost of Goods Manufactured for the month$180,000i.Cost of Goods Sold for the month$150,000Required:Prepare journal entries to record the information given above. Key your entries by the letters a through i.
What will be an ideal response?