Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 2,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 61,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 18,000 units in the ending work in process inventory of the Assembly Department that were 60% complete with respect to conversion costs.What were the equivalent units for conversion costs in the Assembly Department for the month?
A. 45,000
B. 55,800
C. 77,000
D. 54,400
Answer: B
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Calculate the return on assets for a gun shop that has total assets of $410,000, current assets of $74,000, total liabilities of $280,000, accounts receivable of $12,000, net sales of $64,000, and operating profit margin of $30,000.
A. 18.3 percent B. 25.0 percent C. 7.3 percent D. 8.2 percent E. 26.5 percent
A resistance point is the place where you decide that you should stop the negotiation rather than continue, because any settlement beyond this point is not minimally acceptable.
Answer the following statement true (T) or false (F)
The stock dividend relabels a portion of the retained earnings that had been legally available for dividend declarations as a more permanent form of shareholders' equity, because
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In the opening case, the hacking into Sony Pictures databases was instigated by a group from ______.
a. FBI b. Sony insiders c. North Korea d. Anonymous