A bicycle is most likely to represent which kind of inventory?
a. Independent demand
b. Associated demand
c. Dependent demand
d. Restricted demand
a. Independent demand
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Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:a.The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively. All sales are on credit. b.Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month. c.The ending finished goods inventory equals 30% of the following month's sales. d.The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $4.00 per pound. e.Regarding raw materials purchases, 40% are paid for in
the month of purchase and 60% in the following month. f.The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.6 direct labor-hours. g.Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour. h.The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $70,000. The estimated finished goods inventory balance at the end of February is closest to: A. $362,160 B. $287,280 C. $74,880 D. $316,080
If you are involved in a traffic accident, which of the following different categories of law might apply to you?
A) The civil law could apply if you were sued by an injured party. B) The criminal law could apply if you were charged with an offence such as dangerous driving. C) Regulatory law could apply if you were charged with a non-criminal offence such as careless driving under the provincial Highway Traffic Act. D) Constitutional law could apply if you were charged with an offence and wishes to argue, for example, that evidence should be excluded because of a violation by the police of your rights under the Charter of Rights. E) All of the above
To reduce sampling error, minimize the chance for bias to occur during sampling
Indicate whether the statement is true or false
Select the best definition of whistleblower:
A. A company that uses ethical analysis to discover internal wrongdoing. B. Originated from the Latin "qui tam pro domino rege quam pro sic ipso in hoc parte sequitur" meaning "who as well for the king as for himself sues in this matter." C. The only exception to the general rule of at-will employment D. People who report unethical or illegal activities that are often under the control of their employers