In a process costing system, percentage-of-completion factors normally are obtained from
a. accounting records.
b. job order cost cards.
c. supervisors in the production departments.
d. time cards.
C
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Which of the following statements is CORRECT?
A. The capital structure that maximizes the stock price is also the capital structure that minimizes the cost of equity from retained earnings (rS). B. The capital structure that maximizes the stock price is also the capital structure that maximizes earnings per share. C. The capital structure that maximizes the stock price is also the capital structure that maximizes the firm's times interest earned (TIE) ratio. D. If a company increases its debt ratio, this will typically increase the marginal costs of both debt and equity, but it still may reduce the company's WACC. E. If Congress were to pass legislation that increases the personal tax rate but decreases the corporate tax rate, this would encourage companies to increase their debt ratios.
If a firm's production process requires high operating leverage (use of fixed costs), then the firm
should finance its assets with debt, so that the cost of capital will be reduced and financing costs will remain fixed. Indicate whether the statement is true or false
Felix started his new job about a month ago. When asked, he says he likes most of his coworkers. One of them, though, is mean-spirited, obnoxious, petty, and belligerent. Felix is describing his coworker's social traits.
Answer the following statement true (T) or false (F)
Under the UPA, dissolution by operation of law occurs:
A) if a partner has been adjudicated mentally incompetent. B) when a partner has engaged in conduct prejudicial to the business. C) upon the bankruptcy of a partner. D) when the business can be carried on only at a loss.