Financial institutions that accept deposits (that are insured up to a maximum level) from individuals and provide loans are called
A) finance companies.
B) depository institutions.
C) investment companies.
D) nondepository institutions.
Answer: B
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The DuPont Model measures ROE by multiplying __________.
A. the current ratio x total asset turnover x the equity multiplier B. the profitability ratio x times interest earned x the equity multiplier C. the profitability ratio x total asset turnover x the equity multiplier D. the current ratio x times interest earned x the equity multiplier
The following data is given for the Zoyza Company: Budgeted production 26,000 units Actual production 27,500 units Materials: Standard price per ounce $6.50 Standard ounces per completed unit 8 Actual ounces purchased and used in production 228,000 Actual price paid for materials $1,504,800 Labor: Standard hourly labor rate $22 per hour Standard hours allowed per completed unit 6.6 Actual labor
hours worked 183,000 Actual total labor costs $4,020,000 Overhead: Actual and budgeted fixed overhead $1,029,600 Standard variable overhead rate $24.50 per standard labor hour Actual variable overhead costs $4,520,000 Overhead is applied on standard labor hours. The factory overhead controllable variance is: A) 73,250F B) 73,250U C) 59,400F D) 59,400U
Answer the following statement(s) true (T) or false (F)
1. An attribute of VSM is that it is a tool for reducing the carbon footprint. 2. Reduction of carbon footprint is one of the elements of total quality management. 3. Lean approaches focus on reducing cost through optimization of the manufacturing process. 4. Lean approaches focus on reducing cost through optimization of the manufacturing process. 5. Having uneven production quantities is a way to accomplish schedule stability.
Fashion Fiesta Company uses the indirect method to prepare its statement of cash flows
Refer to the following portion of the comparative balance sheet: Fashion Fiesta Company Comparative Balance Sheet December 31, 2016 and 2015 2016 2015 Increase (Decrease) Accounts Payable $6,000 $9,000 $(3,000 ) Accrued Liabilities 3,000 1,500 1,500 Long-term Notes Payable 126,000 135,000 (9,000 ) Total liabilities $135,000 $145,500 $(10,500 ) Additional information provided by the company includes the following: During 2015, the company repaid $60,000 of long-term notes payable. During 2015, the company borrowed $51,000 on a new long-term note payable. Use the T-account format to evaluate the transactions affecting the long-term notes payable account. What will be an ideal response