What can a manager use a model to do?
A. Understand uncertainty
B. Calculate risk
C. Change variables
D. All of these
Answer: D
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A company has the following information:Net credit sales = $400,000Net income = $100,000Average total assets = $80,000Average accounts receivable = $20,000What is the company's average collection period (rounded to the nearest whole day)?
A. 5 days. B. 9 days. C. 18 days. D. 73 days.
_______________ is the introduction or modification of work assignments, authority relationships, and communication and reward systems.
a. Organizational structure innovation b. Exploratory c. Operational innovation d. Process
Musk Corporation needs $200,000 to pay its bills, and requires a 25% compensating balance to be maintained with the bank. Assuming that Musk currently holds no funds at the lending bank, Musk has to borrow:?
A. ?$250,000. B. ?$266,667. C. ?$278,889. D. ?$275,000. E. ?$150,000.
Ahlheim Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: FormingAssemblyMachine-hours 16,000 15,000Direct labor-hours 2,000 6,000Total fixed manufacturing overhead cost$102,400$55,200Variable manufacturing overhead per machine-hour$2.30 Variable manufacturing overhead per direct labor-hour $4.50 During the current month the company started and finished Job T924. The following data were recorded
for this job: Job T924:FormingAssemblyMachine-hours 70 20Direct labor-hours 30 40Direct materials$870$385Direct labor cost$630$840The total amount of overhead applied in both departments to Job T924 is closest to: A. $1,705 B. $1,157 C. $548 D. $609