A bill of lading serves as:
a. a receipt for the storage of goods.
b. evidence of the contract of insurance.
c. a document of title.
d. a contract for employment.
c
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The three primary inventory accounts in a manufacturing company are
a. Merchandise Inventory, Supplies Inventory, and Finished Goods Inventory. b. Merchandise Inventory, Work in Process Inventory, and Finished Goods Inventory. c. Supplies Inventory, Work in Process Inventory, and Finished Goods Inventory. d. Raw Material Inventory, Work in Process Inventory, and Finished Goods Inventory.
Consider two companies in a world with no taxes that are alike except in borrowing choices. Company 1 has no debt financing, and Company 2 uses debt financing. The EBIT for both companies is $800
Company 1 has 400 shares outstanding and pays no interest. Company 2 has 300 shares outstanding and pays $250 in interest. What is the EPS for each company? A) Both companies have an EPS of $2.00. B) Both companies have an EPS of $1.83. C) Company 1 has an EPS of $2.00 and Company 2 has an EPS of $1.83. D) Company 1 has an EPS of $2.00 and Company 2 has an EPS of $1.50.
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$126 Units in beginning inventory 0Units produced 1,900Units sold 1,800Units in ending inventory 100 Variable costs per unit: Direct materials$49Direct labor$28Variable manufacturing overhead$5Variable selling and administrative expense$11Fixed costs: Fixed manufacturing overhead$32,300Fixed selling and administrative expense$23,400 What is the total period cost for the month under variable costing?
A. $43,200 B. $55,700 C. $32,300 D. $75,500
A type of mutual fund investor who is primarily interested in high current income should consider
A) Mortgage REITS. B) Property REITS. C) Growth funds. D) Banking industry sector funds.