(CMA adapted, Dec 87 #1) When a balance sheet amount is related to an income statement amount in computing a ratio,
a. the balance sheet amount should be converted to an average for the year.
b. the income statement amount should be converted to an average for the year.
c. both amounts should be converted to market value.
d. the ratio loses its historical perspective because a beginning-of-the-year amount is combined with an end-of-the-year amount.
e. none of the above.
A
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Which of the following represents a unilateral offer?
A. "I will pay you $50 if you mow my lawn." B. "I will pay you $50 if you promise to trim that tree." C. "I will pay you $50 for your CD player." D. "I will pay you $50 for your backpack."
What is the present value of the following cash flow stream at a rate of 6.25%?
A. $411.57 B. $433.23 C. $456.03 D. $480.03 E. $505.30
An administrative law judge does not have the power to rule on questions of evidence or to make determinations of fact.
Answer the following statement true (T) or false (F)
Assume that materials are added at the beginning of the production process and that direct labor and overhead are applied uniformly. If the started and completed units cost $41,850, what was the cost of completing the units in the beginning Work in Process inventory?
The following is an account for a production department, showing its costs for one month:
A) $12,150.
B) $2,160.
C) $7,560.
D) $54,000.
E) $37,260.