A survey by the Fawcett Society on the use of computing resources at work found that______
a. 20 percent of men admit to viewing porn while at work
c. 31 percent of computer users engage in software piracy
b. over 50 percent of mobile workers view porn from their Web- enabled phones
d. nearly 75 percent of office workers spend 2 hours or more a week on Facebook while at work
a
Completion
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Department R had 5,000 units in work in process that were 75% completed as to labor and overhead at the beginning of the period, 30,000 units of direct materials were added during the period, 32,000 units were completed during the period, and 3,000 units were 40% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in,
first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was: A) 32,450 B) 29,450 C) 31,950 D) 26,000
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
Ethics are standards of behavior that direct how people should act. _________________________
Answer the following statement true (T) or false (F)
QRW Corp needs to replace an old lathe with a new, more efficient model. The old lathe was
purchased for $50,000 nine years ago and has a current book value of $5,000. (The old machine is being depreciated on a straight-line basis over a ten-year useful life.) The new lathe costs $100,000. It will cost the company $10,000 to get the new lathe to the factory and get it installed. The old machine will be sold as scrap metal for $2,000. The new machine is also being depreciated on a straight-line basis over ten years. Sales are expected to increase by $8,000 per year while operating expenses are expected to decrease by $12,000 per year. QRW's marginal tax rate is 40%. Additional working capital of $3,000 is required to maintain the new machine and higher sales level. The initia outlay for the new machine is A) $111,000. B) $113,000. C) $109,800. D) $112,200.