Equivalent units of production for direct materials and direct labor are always the same.
Answer the following statement true (T) or false (F)
False
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Which of the following statements is CORRECT?
A. Actions that increase reported net income will always increase cash flow. B. One way to increase EVA is to generate the same level of operating income but with less total invested capital. C. One drawback of EVA as a performance measure is that it mistakenly assumes that equity capital is free. D. One way to increase EVA is to achieve the same level of operating income but with more total invested capital obtained at a higher cost of capital. E. If a firm reports positive net income, its EVA must also be positive.
What is the payback period for the Boeing 787 Dreamliner project? The Boeing 787-8 can carry 230 passengers up to 8,200 nautical miles at a cruising speed of mach 0.85
The Dreamliner is more comfortable for passengers because of higher cabin humidity. Boeing completed construction of its final assembly plant in Everett Washington in December 2007 at a total cost of $7B. Boeing has secured sales of 865 aircraft over the period 2008-2012 for total proceeds of $138.4B ($160M per aircraft). The cost of building each plane is $140M. Assume that sales (and costs) occur in December of each year. Assume that sales are spread evenly across the five years from 2008-2012. The project cash flows are shown in the table, below. What is the payback period for the project? Ignore taxes. Year Capital Investment Annual Sales Annual Revenues Annual Costs Cash Flows 2007 -$7,000M -$7,000 2008 173 $27,680 $24,220 $3,460 2009 173 $27,680 $24,220 $3,460 2010 173 $27,680 $24,220 $3,460 2011 173 $27,680 $24,220 $3,460 2012 173 $27,680 $24,220 $3,460 A) 2 months B) 2.02 years C) 3.4 years D) 7 years E) 24 years
Which of the following statements is true of small business investment companies (SBICs)?
A. They are limited to the sale of debentures. B. The Small Business Administration matches each dollar an SBIC puts into a loan. C. They do not make qualified Small Business Administration loans. D. The Small Business Administration does not make ventured capital through SBICs.
Which of the following is a major theory of ethics?
A. conformal field theory B. general theory of relativity C. ethical relativism D. perturbation theory