Cash flows to sales is a measure of how much operating cash flows did each dollar of sales generate
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True
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ChemKill Manufacturing produces a chemical pesticide and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had a zero beginning balance. During January, 44,000 gallons of chemicals were started into production. During the month, 35,000 gallons were completed, and 9000 remained in process, partially completed. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process.
During January, the Mixing Department incurred $52,000 in direct materials costs and $211,000 in conversion costs. At the end of the month, the ending inventory in the Mixing Department was 60% complete with respect to conversion costs. The weighted-average method is used. The total cost of the chemical pesticide in ending inventory was ________. (Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.) A) $211,000 B) $52,000 C) $38,808 D) $263,000
Pacific Corporation Inventory $380,000 Accounts receivable $190,000 Land 290,000 Accounts payable 180,000 Cash 129,000 Unearned revenue 110,000 Prepaid rent 33,000 Common stock 312,000 Retained earnings 220,000 Long-term notes payable 200,000 Calculate the total amount of current assets for Pacific Corporation
A) $ 842,000 B) $1,022,000 C) $ 732,000 D) $ 842,000
If a firm sells 40,000 units and the contribution margin on the firm's single product is $4.00 per unit and fixed costs are $60,000, what will the firm's operating profit be at this level of sales volume?
A) $100,000 B) $30,000 C) $15,000 D) $145,000
Hedging by using commodity futures locks in a price for the supplier of a commodity
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