The days-in-receivables ratio:
A) is an estimate of the length of time the receivables have been outstanding.
B) measures the cash discount period for credit sales.
C) is net credit sales divided by average receivables.
D) is not meaningful and therefore is not used.
A
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Housholder Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year. The company has provided the following data for the most recent year. Estimated total fixed manufacturing overhead from thebeginning of the year$310,000 Estimated activity level from the beginning of the year 20,000machine-hoursActual total fixed manufacturing overhead$338,000 Actual activity level 18,300machine-hours The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to:
A. $310,000 B. $283,650 C. $28,000 D. $309,270
The "threat hypothesis"
A) increases agency monitoring costs. B) reduces management's tendency to spend freely. C) increases the agency problem. D) encourages management to use debt to further their own interests.
In 2015, Capital Drywall and Old Fort supplied materials to Complete Construction & Demolition, Inc (Contractor) for the reconstruction of a hotel on U.S. Highway 31 in South Bend, Indiana. Neither Capital Drywall nor Old Fort received payment for those materials. The Contractor went bankrupt. Capital filed a lien on April 25, 2015. Old Fort filed a lien on September 11, 2015. Old Fort is owed
$160,000, Capital is owed $140,000. There is $156,000 left to distribute to unpaid lienholders. How much will each receive under the common law rule for distribution of funds to lienholders? A) Capital receives $140,000 and Old Fort receives $16,000 B) Capital receives $78,000 and Old Fort Receives $78,000 C) Capital receives $72,800 and Old Fort receives $83,200 D) Capital receives $70,000 and Old Fort receives $80,000, with the $6,000 being split between them
CBR stands for ________
A) connected button ratio B) committed burst rate C) congested brunch relay D) contractual branch rate