Inclusion of an organization chart or assigned responsibility is helpful for the customer to evaluate the expertise of the project staff
a. True
b. False
Indicate whether the statement is true or false
False
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The following selected financial information for a company was reported for the current year end. Calculate the following company ratios:(a) Accounts receivable turnover.(b) Inventory turnover.(c) Days' sales uncollectedAccounts receivable, beginning-year $170,000Accounts receivable, year-end 190,000Merchandise inventory, beginning-year80,000Merchandise inventory, year-end60,000Cost of goods sold580,000Credit sales1,000,000
What will be an ideal response?
Using normal costing requires that
A) actual overhead costs are not assigned directly to jobs. B) predetermined rates are not used to assign overhead. C) applied overhead is not calculated on a job specific basis. D) Neither plantwide or departmental rates can be used to assign overhead. E) All of these are correct.
Enloe Manufacturing has prepared a production budget for June. Management has determined that the total required production for June is 680,000 units when an ending inventory of 50,000 units is desired and the beginning inventory is 30,000 units. Based on the above information, what were June's budgeted sales?
A) 660,000 units B) 700,000 units C) 760,000 units D) 680,000 units
The activity driver for the shipping activity is the number of orders shipped. Product A uses 20 orders, and Product B uses 60 orders. Calculate the consumption ratios for each product
A) 0.3; 0.7 B) 0.625; 0.375 C) 0.25; 0.75 D) 0.215; 0.785