A large boost in share price increases a firm's equity leverage for external expansion.
Answer the following statement true (T) or false (F)
True
A large boost in share price-even for the short term-serves as an effective defense to hostile takeovers and boosts a firm's equity leverage for external expansion.
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Pay grades allow precise matching of pay for individual jobs to market rates and an organization's job structure.
Answer the following statement true (T) or false (F)
Ann Co uses the dollar-value LIFO retail method. The beginning inventory, purchased when the price index was 100, had a retail value of $4,000 and a cost of $3,600. During the period, purchases amounted to $60,000 at retail ($52,800 at cost). Sales amounted to $56,300. The year-end price index was 110. What is the cost of ending inventory?
A) $6,240 B) $6,504 C) $6,570 D) $6,900
Leadership actions or managerial practices NOT normally taken to foster a results-oriented, high-performance culture include
A. using motivational techniques and compensation incentives to inspire employees. B. building morale and fostering pride. C. treating employees as individuals with no regard for their rank or contributions. D. using the tools of benchmarking, best practices, business process reengineering, TQM, and Six Sigma to focus attention on continuous improvement. E. setting stretch objectives and clearly communicating expectations for reaching targets.
Using the labor time standard of 0.5 labor hour per unit and a labor cost standard of $10 per labor hour for a 10 pound bag of chocolate and the following actual cost and usage data, compute the direct labor variance. Direct labor hours used 4,950 hours Total cost of direct labor $53,460 Number of good units produced 9,000 units
a. $3,960 (F) b. $8,460 (U) c. $3,960 (U) d. $8,460 (F)