For service organizations, customer relations are part of the supply chain and customers are part of the value chain
Indicate whether the statement is true or false
F
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Portfolio A has but one security, while Portfolio B has 100 securities. Because of diversification effects, we would expect Portfolio B to have the lower risk. However, it is possible for Portfolio A to be less risky.
Answer the following statement true (T) or false (F)
Outlook Department Store's accounts receivable balance after posting net collections from customers for 2012 is $180,000. The customers took advantage of sales discounts of $15,000. Management aged the accounts receivable and estimate for uncollected account percentages as follows: $90,000 Current at 2% $50,000 1-30 days past due at 5% $30,000 31-60 days past due at 10% $10,000 60+ days past due
at 25% The net realizable value of the accounts receivable is: A) $173,200. B) $170,200. C) $172,700. D) $180,000.
Meow Products Ltd. Meow Products Ltd. produces and sells scratching posts for cats. In the current year, the company had expected to sell 12,000 posts but actually produced and sold 10,000 posts. The following information is available regarding the standard cost to produce a single post: Direct materials: 3 feet @ 1.75 per foot Direct labor: 15 minutes @ $.30 per minute In the current year,
38,000 feet of material were purchased out of which 35,000 feet were used at a cost of $1.55 per foot, and 160,000 direct labor minutes were incurred at a cost of $.32 per minute. Refer to the Meow Products Ltd. information above. The company's direct labor rate variance for the current year is: A) $ 200 F. B) $ 200 U. C) $3,200 F. D) $3,200 U.
In the t = (a + 4m + b)/6 calculation for expected activity completion time, the m refers to?
a. Optimistic completion time b. Pessimistic completion time c. Most likely completion time d. Activity completion time variance