In one year, a fleet of trucks used 558,709 gallons of fuel. A report to the Vice President requires that this number be rounded to the hundreds. What should be reported to the Vice President as the total gallons of fuel used last year?
What will be an ideal response?
558,700
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Variable costing is required for external reporting
Indicate whether the statement is true or false
Maria goes to lunch with Jeremy to discuss how she is feeling about a situation at work. At the restaurant, Jeremy is distracted because his favorite local band is playing, Maria gets upset when she feels Jeremy’s attention wane. Why is Maria upset? Use the terms in the chapter to support your response.
What will be an ideal response?
Expected annual usage of a particular raw material is 180,00 . units, and standard order size is 12,00 . units. The invoice cost of each unit is $300 . and the cost to place one purchase order is $80 . Assuming the company does not maintain safety stock, the average inventory is:
a. 10,00 . units. b. 7,500 units. c. 15,00 . units. d. 6,00 . units.
Cash equivalents do not include
A) U.S. Treasury bills. B) money market accounts. C) marketable securities. D) commercial paper.