The maturity matching approach calls for matching the maturities of:?
A. long-term liabilities and equity.?
B. ?long-term liabilities and short-term liabilities.
C. ?long-term assets and short-term assets.
D. ?assets and equity.
E. ?assets and liabilities.
Answer: E
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Pangle Corporation has two production departments, Forming and Customizing. 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 Customizing 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:??FormingCustomizing?Machine-hours16,00012,000?Direct labor-hours4,0009,000?Total fixed manufacturing overhead cost$91,200$99,000?Variable manufacturing overhead per machine-hour$2.10??Variable manufacturing overhead per direct labor-hour?$3.10During the current month the company started and finished Job M109. The following data
were recorded for this job:?Job M109:FormingCustomizing?Machine-hours5030?Direct labor-hours2050?Direct materials$915$355?Direct labor cost$620$1,550Required:Calculate the total job cost for Job M109. What will be an ideal response?
A ______ provides the maximum, minimum, and midpoint of pay for a certain group of jobs.
A. rate range B. pay structure C. wage compression D. minimum wage
Schickel Inc. regularly uses material B39U and currently has in stock 460 liters of the material for which it paid $3,128 several weeks ago. If this were to be sold as is on the open market as surplus material, it would fetch $5.95 per liter. New stocks of the material can be purchased on the open market for $6.45 per liter, but it must be purchased in lots of 1,000 liters. You have been asked to determine the relevant cost of 760 liters of the material to be used in a job for a customer. The relevant cost of the 760 liters of material B39U is:
A. $4,522 B. $4,902 C. $4,672 D. $6,450
_____________________________ was passed to outlaw monopolies
Fill in the blank(s) with the appropriate word(s).