People who do not complain often believe that complaining is a waste of time and effort.
Answer the following statement true (T) or false (F)
True
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Burgess Corporation is considering purchasing equipment that costs $235,000. The equipment has an estimated useful life of 5 years and no salvage value. Burgess believes that the annual cash inflows from using the equipment will be $65,000. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Required:1) Calculate the net present value of the equipment assuming that Burgess's cost of capital is 12%. Is the equipment an acceptable investment? 2) Calculate the net present value of the equipment assuming that Burgess's cost of capital is 10%. Is the equipment an acceptable investment? 3) Based on your results to parts 1) and 2), estimate the internal rate of return for the investment in the equipment.
What will be an ideal response?
Magpie Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 60,000 units of its sole product. Magpie desires a profit equal to a 25% rate of return on invested assets of $700,000. Fixed factory overhead cost $38,500 Fixed selling and administrative costs 7,500 Variable direct materials cost per unit 4.60 Variable direct labor cost
per unit 1.88 Variable factory overhead cost per unit 1.13 Variable selling and administrative cost per unit 4.50 The cost per unit for the production and sale of the company's product is: A) $12.11 B) $12.88 C) $15 D) $13.50
Which of the following statements about job order costing is False
a. A job order costing system is appropriate for a company which makes products that are all alike; such as golf balls. b. A standard cost system will allow a company to quickly recognize cost variances and to correct the problems. c. In a job order accounting system, each job is treated as a unique cost entity and costs are accumulated by jobs. d. A company which uses a standard accounting system records both standard and actual costs in their accounting records.
List at least two of the four basic requirements for a nonunion grievance procedure to work effectively.
What will be an ideal response?